Saab Issues Schuldschein Loan Agreements Amounting To MEUR 100
Defence and security company Saab has on 21 December 2015 signed Schuldschein loan agreements of MEUR 100.The total loans amount to MEUR 100, of which MEUR 23 is settled in the fourth quarter 2015 and MEUR 77 in the first half-year 2016. The loans mature between 2021 and 2023 and tranches are in both fixed and floating rate format. The purpose of the transaction is to strengthen Saab’s long-term financial flexibility. The loan facilities have been arranged by BNP Paribas S.A. Niederlassung Deutschland and Citigroup Global Markets Limited. Schuldschein loan agreements are German law