Dometic refinances its loan facilities - by new SEK 4,750,000,000 facilities
Dometic refinances its loan facilities - by new SEK 4,750,000,000 facilities Dometic has obtained and utilized new 5 year bank facilities of SEK 4,750,000,000. The term loan and available own cash have been used to repay the acquisition loans signed in conjunction with EQT's buy-out of Dometic from Electrolux. Dometic's positive development has made it possible to change over to so called cross-over financing which will significantly reduce future interest costs. The new facilities have been arranged with Mizuho, Nordea and Svenska Handelsbanken. A limited syndication will be arranged during September. The facilities are structured as follows: - SEK 4,000,000,000 5 year amortising Term Loan which has been utilized to repay previous acquisition loans, - SEK 750,000,000 revolving credit facility for future needs. _________________________________ For further information please contact Leif Lindgren, Dometic Group, Mobile: +46 70 530 40 28, Office: +46 8 501 025 01 email: leif.lindgren@dometic.se Dometic is the leading international supplier of products and systems developed, designed and manufactured for use in a variety of vehicles and boats with the purpose of meeting the end-users' expectations of comfort as they travel away from home. Dometic also offers refrigerators for hotel rooms, wine storage and medical applications. Dometic's operations are organized in two business areas, Recreation Vehicle and Pleasure Boat Systems and Special Refrigeration Systems. Dometic has 21 sales companies in 14 countries, six regional offices and approximately 100 distributors in an additional 80 countries. Dometic has 20 production facilities in ten countries in Europe, North America and Africa. 2003 sales amounted to approximately 6 300 MSEK and the number of employees 4 400. The Dometic Group is wholly owned by EQT, a leading private equity group in Northern Europe, and key personnel in Dometic. Read more on www.dometic.com. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/06/20040806BIT20020/wkr0001.pdf