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SDVKY Sandvik AB (PK)

20.19
0.09 (0.45%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Sandvik AB (PK) USOTC:SDVKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.09 0.45% 20.19 20.10 20.25 20.24 20.11 20.126 88,676 21:00:24

Sandvik Gets New 5 Year Credit Facility

03/02/2012 8:39am

Dow Jones News


Sandvik AB (PK) (USOTC:SDVKY)
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Swedish engineer Sandvik AB (SAND.SK) said Friday it has concluded an agreement for a guaranteed credit facility with a five-year term, with the option to extend it up to seven years.

 
   MAIN FACTS: 

-The facility, which is divided into two currencies comprising EUR650 million and SEK5 billion, has been placed at the disposal of the company by Handelsbanken, Nordea and SEB acting as coordinators, in addition to Bank of Tokyo-Mitsubishi, Barclays, Citi, Danske Bank, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Royal Bank of Scotland, Societe Generale, Standard Chartered and Swedbank.

-The credit facility will replace earlier facilities totaling EUR1.5 billion and will comprise Sandvik's primary liquidity reserve, which is considered adequate to meet all normal, short-term liquidity requirements.

-At 0808 GMT shares traded 0.3% lower at SEK101.70.

-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093; dominic.chopping@dowjones.com

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