Peab Industri obtains out new funding

Prior to the distribution and stock exchange listing of Peab Industri, bilateral loan agreements for a total of SEK 2.3 billion have been signed with four banks. The new loan agreements mature in seven years and are nor subject to amortization.

The four lenders with which Peab Industri has signed agreements are Nordea, Danske Bank, Swedbank and Handelsbanken.

The loan agreements constitute Peab Industri’s basic funding and have been supplemented with other types of short-dated operational financing and leasing and instalment contracts.

The long-term loan agreements already signed by Peab for SEK 3.0 billion divided between seven banks remain unchanged.

“With Peab Industri’s funding now settled, one of the fundamental preconditions for the continued development of Peab Industri under its own auspices is now in place. The timing of the transaction feels propitious, as there is much capital available at the moment," says the Peab’s managing director, Mats Paulsson, in a comment.



For further information contact:
Mats Paulsson, MD Peab + 46 431 89 135
Mats O Paulsson, MD Peab Industri + 46 733 37 10 05
Jesper Göransson, Corporate Treasurer +46 733 37 10 13

Previous press releases from Peab are available at www.peab.com