Konecranes signs Schuldschein loan agreement in the amount of EUR 150 million

Konecranes has signed a Schuldschein loan agreement in the amount of EUR 150 million. The loan has floating and fixed rate tranches with maturities of four and seven years. The Schuldschein loan is targeted to institutional investors and the use of proceeds is refinancing and general corporate purposes. 

“The Schuldschein loan continues to strengthen our presence in the international debt capital markets and provides an important source of investor diversification”, says Konecranes’ Group Treasurer Tomi Hintikka. 

The arrangers are Commerzbank, Deutsche Bank and Landesbank Hessen-Thüringen.

KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations


FURTHER INFORMATION

Mr. Tomi Hintikka, Vice President, Group Treasurer
tomi.hintikka@konecranes.com or tel. +358 (0) 20 427 2042

Mr. Miikka Kinnunen, Vice President, Investor Relations
miikka.kinnunen@konecranes.com or tel. +358 (0) 20 427 2050


Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2016, Group (comparable combined company) sales totaled EUR 3,278 million. The Group has 16,600 employees at 600 locations in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).


DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com