Securitas signs new syndicated loan facility
Securitas AB has, with a syndicate of international banks, signed a five year loan agreement (Multi Currency Revolving Credit Facility) of USD 1 100 million. The facility replaces the existing USD 800 million syndicated facility maturing December 2008. It will be used for general corporate purposes. The interest margin will be 22.5 bps based on ratings of BBB+/Baa2 from Standard & Poor's and Moody's, currently applicable to Securitas.
The facility has been arranged by Bank of America Securities Limited, BNP Paribas, Citigroup and Nordea Bank AB (publ). The transaction has been positively received by the syndicated credit market, leading Securitas to increase the original amount from USD 900 million to 1 100 million.
The syndicate consists of the following banks:
Mandated Lead Arrangers:
Bank of America Securities Limited
Nordea Bank AB (publ)
Barclays Bank PLC
Banco Bilbao Vizcaya Argentaria S.A.
Deutsche Bank AG London
FORTIS BANK S.A./N.V. LONDON BRANCH
HSBC Bank plc
The Royal Bank of Scotland plc
SEB Merchant Banking, Skandinaviska Enskilda Banken AB (publ)
DnB NOR Bank ASA
NORD/LB Norddeutsche Landesbank Stockholm Branch
Henrik Brehmer, Senior Vice President Investor Relations +44 (0) 20 8432 6523
The press release is also available on: www.securitasgroup.com
Securitas is a world leader in security, active in more than 20 countries in Europe
and North America with over 200,000 employees.
This information was brought to you by Cision http://newsroom.cision.com
The following files are available for download: