ASSA ABLOY signs five-year loan agreement with international bank syndicate
The credit facility was arranged by ABN AMRO Bank N.V. and SEB Debt Capital Markets. SEB Debt Capital Markets is facility agent. The transaction has had a very positive response from the market, which is why ASSA ABLOY AB has chosen to increase the amount from EUR 1,000 million to 1,200 million. The banks' commitments have also been scaled back.
The facility replaces the USD 500 million facility that was signed in June 1997 and will mainly be used to fund the acquisition of Yale Intruder Security Group and to be available for future acquisitions.
Arranger shares of EUR 97million
ABN AMRO Bank N.V
SEB Debt Capital Markets
Senior Co-Arranger shares of EUR 64 million
Svenska Handelsbanken
MeritaNordbanken Group
BNP Paribas
Deutsche Bank AG
Bank One, N.A.
Banca Nazionale del Lavoro S.p.A, London branch
Co-Arranger shares of EUR 48 million
Nord LB Norddeutsche Landesbank Stockholm Branch
Australia and New Zealand Banking Group Limited
Den Danske Bank
Banca Commerciale Italiana S.p.A., London Branch
Dresdner Kleinwort Benson
Lead Manager shares of EUR 31 million
Bankgesellschaft Berlin Group
Leonia Corporate Bank plc
Barclays Bank plc
Commonweath Bank of Australia
The Royal Bank of Scotland plc
Westpac Banking Corporation
Landesbank Baden-Württemberg, London Branch
Manager shares of EUR 15 million
Banco Bilbao Viscaya Argentaria Group
Crédit Agricole Indosuez, Stockholm Branch
Standard Chartered Bank
Commerzbank International (Ireland)
First Union National Bank, London Branch
AIB Capital Markets plc
Crédit Suisse
LB Kiel - West LB Group
Société Générale
The Fuji Bank, Limited
Nykredit Bank
For further information, please contact
Göran Jansson, CFO, tel: +46 8 506 485 72 or +46-70-698 8572 or
Eddie Fransson, Corporate Treasurer, tel: +41 22 318 45 00
ASSA ABLOY AB (publ)
P.O. Box 70340, S-107 23 Stockholm
Tel: Int+46-8-506 485 00, Fax: Int +46-8-506 485 85
Visiting address: Klarabergsviadukten 90
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The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products,
dedicated to satisfying end-user needs for security, safety and convenience. In 1999 the Group
reported sales of SEK 10, 277 million and has about 13,000 employees.