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 800 million The facility replaces the existing EURO 400 million syndicated facility maturing December 2004. It will be used for general corporate purposes. The interest margin will be 40 bps based on ratings of BBB+/Baa1 from Standard & Poor's and Moody's, currently applicable to Securitas.
The facility has been arranged by Bank of America Securities Limited, BNP Paribas and Citigroup. The transaction has been positively received by the syndicated credit market, leading Securitas to increase the original amount from USD 700 million to 800 million.
The syndicate consists of the following Banks:
Mandated Lead Arrangers:
Bank of America
BNP Paribas Dublin Branch
Bank One, NA
Barclays Bank PLC
Banco Bilbao Vizcaya Argentaria S.A.
Deutsche Bank AG London
FORTIS BANK S.A./N.V. LONDON BRANCH
HSBC Bank plc
National Australia Bank Ltd., London Branch
Norddeutsche Landesbank Stockholm Branch
The Royal Bank of Scotland PLC
Skandinaviska Enskilda Banken AB (publ)
ING Luxembourg S.A.
Sumitomo Mitsui Banking Corporation Europe Limited
Further information can be obtained from:
Thomas Berglund, President and CEO +44 (0) 20 8432 6500
Håkan Winberg, Executive Vice President and CFO +44 (0) 20 8432 6500
Henrik Brehmer, Senior Vice President Investor Relations +44 (0) 20 8432 6523
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