Brief: Gränges Enters Into New Credit Facility Agreements

Granges AB

04/04/2019 07:05

April 4 (Reuters) - Granges AB  GRANG.ST :
    * GRÄNGES ENTERS INTO NEW CREDIT FACILITY AGREEMENTS AND
INCREASES
THE FINANCIAL FLEXIBILITY
    * HAS REFINANCED CREDIT AGREEMENT THAT ORIGINALLY FINANCED
ACQUISITION OF US BUSINESS IN AUGUST 2016
    * GRANGES - NEW CREDIT FACILITIES CONSIST OF A REVOLVING
CREDIT
FACILITY AVAILABLE IN SEVERAL CURRENCIES OF SEK 2,000 MILLION
    * GRANGES - NEW CREDIT FACILITIES CONSIST OF TERM LOAN OF
USD 100
MILLION AND REVOLVING CREDIT FACILITY FOR AMERICAN SUBSIDIARY OF
USD 50 MILLION
    * IN CONNECTION WITH NEW CREDIT FACILITIES A CORRESPONDING
AMOUNT
WILL BE REPAID ON ORIGINAL CREDIT FACILITY
    * GRANGES - NEW CREDIT FACILITIES ARE EXPECTED TO HAVE A
NEUTRAL
EFFECT ON GRÄNGES' FINANCIAL COST FOR CURRENT YEAR

Source text for Eikon:  ID:nWkr4L0Mr6 
Further company coverage:  GRANG.ST 

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