Trelleborg Group reduces financing costs and extends loan maturity profile
The Trelleborg Group has strengthened its long-term financing by raising a new syndicated loan with a counter value of EUR 1,200 M (approximately SEK 10.9 billion) stretching over a five-year period with possibility to extend a further two years. The financing was significantly oversubscribed and the loan was increased from the original EUR 1,100 M to EUR 1,200 M. The new facility shall refinance Trelleborg’s existing USD 600 million facility of June 2002 and EUR 540 million facility of October 2003. The Facility is divided into two tranches of EUR 750 million and USD 600 million. The