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Konecranes Oyj — Capital/Financing Update 2017
Nov 17, 2017
3220_rns_2017-11-17_ad769dbc-96e2-4862-aab3-d3154a1a8b50.html
Capital/Financing Update
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Konecranes signs Schuldschein loan agreement in the amount of EUR 150 million
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
[email protected] or tel. +358 (0) 20 427 2042
Mr. Miikka Kinnunen, Vice President, Investor Relations
[email protected] 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
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