STOCKHOLM, Sweden, April 12, 2005 (PRIMEZONE) -- Alfa Laval has refinanced its five year credit facility and increased the credit amount to the equivalent of EUR 535 million. The credit facility was arranged by SEB Merchant Banking. The transaction was oversubscribed.
The EUR and USD credit facility will be used to refinance the existing EUR and USD facility and the planned redemption of Alfa Laval Special Finance AB's senior notes. The new facility gives increased flexibility, extended maturity and reduced cost.
SEB Merchant Banking has been mandated lead arranger for the facility.
Banks in the syndicate are SEB Merchant Banking, Danske Bank, ING Bank, Svenska Handelsbanken AB (publ), Nordea Bank (publ), HSBC Bank plc and Natexis Banques Populaires.
Editor's notes: Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling. The company's equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce foods and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol. Alfa Laval's products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications. Alfa Laval's worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena. Alfa Laval is listed on the Stockholm Exchange and, in 2004, posted annual sales of about SEK 15 billion. The company has some 9,500 employees. For further information, please visit the Alfa Laval website at www.alfalaval.com.
For further information: Thomas Thuresson Alfa Laval Group CFO Tel: + 46 46 36 72 40 Johan Lund SEB Merchant Banking +46 8 506 232 87 Peter Torstensson Vice President, Corporate Communications Alfa Laval Group Tel: +46 46 36 72 31 Mikael Sjoblom Investor Relations Manager Alfa Laval Group Tel: +46 46 36 74 82
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