STOCKHOLM, Sweden, July 4, 2003 (PRIMEZONE) -- Gunnebo has signed a EUR 200 million revolving credit facility agreement with a group of 15 banks. The facility which has a maturity of five years, is for general corporate purposes including the refinancing of existing syndicated facility amounting to EUR 143 million. The loan facility has a margin of 0.55 per cent at present net gearing ratio.
The loan was oversubscribed with EUR 75 million (43 per cent) and the facility size was increased from EUR 175 million to EUR 200 million.
Mandated Lead Arranger for the transaction is SEB Merchant Banking. The other banks joining the syndicate are:
Arrangers: Nord/LB, Nordea och Svenska Handelsbanken
Co - Arranger: Swedbank
Lead Managers: Banca Nazionale de Lavoro, BBVA, BNP Paribas,
Commerzbank, Credit Lyonnais, Fortis Bank, HSH Nordbank AG,
ING Belgium SA, Natexis Banques Populaires and the Norinchukin Bank
GUNNEBO AB (publ) Information
For further information, please contact: Lennart Gustavsson, Chief Financial Officer, Gunnebo AB, telephone +46- (0)31-83 68 00 or Torbjorn Olsson, Group Treasurer, Gunnebo AB, telephone +46-(0)31-83 68 00
Gunnebo is today an international fast growing security group with 110 companies located in 32 countries. The Group has sales to a further hundred markets via agents and distributors. Turnover amounts to some MEUR 760. Gunnebo's security products mainly include fire and burglar re sistant safes, security products for banks and cash handling, electronic security systems, fire protection, entrance control and access control, alarm centres and indoor and outdoor perimeter protection. Gunnebo has at its disposal some of the world's leading brand names in security: Chubb Safes, Fichet-Bauche, Rosengrens, Ritzenthaler, Garny and Leicher.
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