STOCKHOLM, Sweden, July 8, 2005 (PRIMEZONE) -- Haldex has signed a USD 250 million syndicated revolving credit facility with 11 international banks. The facility has a maturity of five years with two extension options.
The syndication was launched at USD 225 million and successfully oversubscribed with Haldex choosing to increase the Facility to USD 250 million as well as scale back the banks commitments. The Facility will be used to refinance Haldex's USD 225 million facility dated 9th December 2002 as well as general corporate purposes, but at a lower cost.
The participating banks are:
Handelsbanken and SEB Merchant Banking as Mandated Lead Arrangers, Danske Bank and Swedbank as Arrangers and Comerica Bank, HSH Nordbank, Landesbank Baden-Wurttemberg, Mizuho Corporate Bank, Natexis Banques Populaires, Nord/LB and Nordea Bank as Co-Arrangers.
For further information contact:
Lennart Hammargren, CFO Phone +46 8 545 049 50.
Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Stockholm Stock Exchange and has annual sales of nearly 7 billion SEK with 4,400 employees
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