Alfa Laval issues EUR 800 million of corporate bonds, replacing bridge loan
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has raised EUR 800 million in the corporate bond market. This long-term financing replaces the bridge loan taken in connection with the acquisition of Frank Mohn AS. The bonds will be listed on the Irish stock exchange.
The bonds were raised in two tranches, EUR 300 million with a maturity of five years and EUR 500 million, with a maturity of eight years. Lead managers for these two issues were BNP Paribas, HSBC, ING, Nordea and SEB.
Settlement date is September 12, 2014. Following these transactions, Alfa Laval will have replaced the entire bridge loan, raised in connection with the Frank Mohn acquisition.
For more information please contact:
Thomas Thuresson
CFO
Alfa Laval
Tel: + 46 46 36 72 40
Jonas Norlander
Group Treasurer
Alfa Laval
Tel: +46 46 36 72 82
Alfa Laval AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10.00. (CET) on September 8, 2014.
About Alfa Laval
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.
Alfa Laval’s products are also used in power plants, aboard ships, oil and gas exploration, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on Nasdaq OMX, and, in 2013, posted annual sales of about SEK 29.8 billion (approx. 3.5 billion Euros). The company has today, after the acquisition of Frank Mohn AS about 17 500 employees.