STOCKHOLM, Sweden, Dec. 11, 2002 (PRIMEZONE) -- Haldex (Other OTC:HLDXF) has signed a USD 225 million syndicated revolving credit facility with 11 international banks. The facility has a maturity of five years. The arrangers are Danske Bank and SEB Merchant Banking.
The facility will be used for refinancing of old debt but will also be a financial base for Haldex future expansion.
Haldex (www.haldex.com) is an innovator in vehicle technology. It provides proprietary solutions in areas related to vehicles dynamics & motion control, performance & safety and environment & fuel efficiency.
Their systems and products are provided to manufacturers of trucks, cars, industrial vehicles and engines on a global basis.
Haldex is listed on the Stockholm Stock Exchange and has annual sales of almost SEK 7 billion with 4,100 employees.
For further information contact Claes Warnander, CEO, or Lennart Hammargren, CFO, Haldex AB (phone +46 8 545 049 50).
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