Gunnebo Re-Finances Group’s Long-Term Credit Facilities
During the second quarter of 2017 Gunnebo has refinanced the Group’s long-term credit facilities. The new financing consists of a seven-year bilateral financing provided by AB Svensk Exportkredit of MEUR 75 and a five-year syndicated loan facility of MEUR 140 provided by BNP Paribas and SEB with SEB as facility agent.
The new financing means the Group has extended its core funding from 1,600 MSEK to 2,100 MSEK.
“We are very pleased with our refinancing process, which has resulted in an increased loan facility with improved terms,” comments Gunnebo’s President and CEO, Henrik Lange. “This gives us better opportunities to invest in profitable growth through research and development, structural changes and acquisitions.”
GUNNEBO AB (publ)
For more information, please contact:
Henrik Lange, President & CEO Gunnebo AB, tel. +46 10 2095 000, or
Karin Wallström Nordén, SVP Marketing & Communications Gunnebo AB, tel. +46 10 2095 026 or e-mail: email@example.com
This information is information that Gunnebo AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:16 CET on 27 June 2017.
The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, safes and vaults, entrance security and electronic security for banks, retail, mass transit, public & commercial buildings and industrial & high-risk sites.
The Group has an annual turnover of MSEK 6,100, employs 5,600 people and has sales companies in 28 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.