Peab renegotiates and prolongs its funding base
Peab has renegotiated and prolonged bilateral loan agreements amounting to SEK 3.25 billion (earlier SEK 3.0 billion) with six banks. The prolongation means that the loan agreements, which earlier had its maturity in February 2013, now have its maturity in September 2014. The loans are running without amortization obligation.The granting banks of these loans are Danske Bank, Swedbank, Nordea, Handelsbanken, Svensk Exportkredit and DnB NOR.The loan agreements form the funding base of Peab and they are completed by other kind of short-term operative financing and project related loans.-