ASSA ABLOY signs a EUR 900 M syndicated revolving credit facility

6/14/2013, 9:52 AM (Source: GlobeNewswire)

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.

For more information, please contact:
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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Source: ASSA ABLOY via Thomson Reuters ONE

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