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Securitas signs syndicated loan

09 December 1999 08:00

On December 8, Securitas signed a new syndicated loan facility of EUR 900 million. The facility is a Multi-Currency Revolving Credit Facility divided in two tranches; one 364 day renewable tranche of EUR 300 million, and a five year tranche of EUR 600 million.

The facility has been arranged by Citibank N.A., Deutsche Bank AG and SEB Debt Capital Markets. SEB Debt Capital Markets is the facility agent. The transaction has been very positively received by the syndicated credit market, leading Securitas to increase the original amount from EUR 700 million to 900 million. The participating banks have all been scaled back.

The facility replaces the syndicated loan facility of DEM 800 million that was signed in December 1997. The increased facility amount reflects Securitas growth since 1997 and plans for continued international expansion. The syndicate consists of the following banks:

Arrangers - allocation EUR 59 million
Citibank, N.A.
Deutsche Bank AG Luxembourg S.A.
Skandinaviska Enskilda Banken AB

Co-Arrangers - allocation EUR 42 million
Bank Austria Creditanstalt International AG
Bank One, NA
Barclays Bank Plc
Bayerische Landesbank Girozentrale
Banco Bilbao Vizcaya
Banca Commerciale Italiana S.P.A., London Branch
Banque Nationale de Paris S.A.

Commerzbank AG, Succursale de Bruxelles
Credit Agricole Indosuez, Stockholm Branch
KBC Bank N.V.
Nordbanken AB
Norddeutsche Landesbank Luxembourg S.A.
San Paolo IMI S.P.A., London Branch
Svenska Handelsbanken AB

Senior Lead Managers - allocation EUR 22.5 million
ABN Amro Bank N.V., Stockholm Branch
AIB International Finance
Den Danske Bank Aktieselskab

Den norske Bank ASA
Landesbank Schleswig-Holstein Girozentrale
Societe Generale

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