menu

Our businesses:

{{displayStock}}

Press Release

Cargotec refinances EUR 300 million multicurrency revolving credit facility

26/06/2017

CARGOTEC CORPORATION, PRESS RELEASE, 26 JUNE 2017 AT 4:30 PM (EEST)
Cargotec refinances EUR 300 million multicurrency revolving credit facility
 
Cargotec Corporation entered into an EUR 300 million multicurrency revolving credit facility with a syndicate of its six relationship banks on 26th June. The facility carries a tenor of five years including two one-year extension options. The purpose of this facility is to refinance the existing EUR 300 million multicurrency revolving credit facility, maturing in January 2019. With this facility, Cargotec strengthens its long-term liquidity and takes advantage of the favourable market conditions.
The facility was coordinated by SEB and the Mandated Lead Arrangers and Bookrunners are Citi, Danske Bank, Nordea Bank, OP Corporate Bank, SEB (Facility Agent) and Standard Chartered Bank.
 
For further information, please contact:
Pekka Reijonen, Vice President, Treasury, tel. +358 20 777 4148
Mikko Puolakka, Executive Vice President and CFO, tel. +358 20 777 4105
 
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com
What do you think of the site?