Gunnebo Agrees Syndicated Credit Facility

Gunnebo AB has successfully signed an agreement regarding a syndicated credit facility for the amount of 1,480 MSEK (140 MEUR, 35 MUSD).

The facility, which has a tenor of five years and will mature in February 2019, is mainly a refinancing of current loan facilities. The facility is provided by DNB and SEB and constitutes the basis for Gunnebo’s loan financing. In addition it will function as a liquidity reserve and brings flexibility in respect of the group’s financing needs. 

"We are pleased with the continued support and commitment the banks have shown. The rationale for the refinancing was to extend the maturity of the facility and to benefit from the present market situation with attractive terms for longer financing,” says Gunnebo’s CFO, Christian Johansson.

GUNNEBO AB (Publ.)
Group Finance

For more information, please contact:
Christian Johansson, CFO Gunnebo AB, tel. +46 10 2095 000, or
Christian Gumaelius, Group Treasurer Gunnebo AB, tel. +46 10 2095 000

Gunnebo may be required to disclose the information provided herein pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 14.31 CET on February 20, 2014.

The Gunnebo Security Group is a global leader in security products, services and solutions with an offering covering cash handling, safes and vaults, entrance security and electronic security for banks, retail, CIT, mass transit, public & commercial buildings and industrial & high-risk sites.

The Group has an annual turnover of €610 million, employs 5,600 people and has sales companies in 33 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets.

We make your world safer.

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