Capital/Financing Update • Jun 14, 2013
Capital/Financing Update
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June 14, 2013 no 07/13
ASSA ABLOY has together with 14 banks entered into a syndicated Multi-Currency Revolving Credit Facility amounting to EUR 900 M. The facility has a tenor of at least five years and its main purpose is to refinance an existing facility amounting to EUR 1,100 M maturing in 2014.
The credit is to primarily serve as a strategic back up facility and can be utilized in optional currencies such as EUR, GBP, SEK and USD.
The new facility is currently unutilized.
Johan Molin, President and CEO, tel no: +46 8 506 485 42 Carolina Dybeck Happe, CFO and Executive Vice President, tel no: +46 8 506 485 72
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