28 December 2009 – Trelleborg AB has signed three revolving credit facilities in a total amount of EUR 291 M (corresponding to some SEK 3,000 M) with four first-rate commercial banks. The facilities are partially guaranteed by the Swedish Export Guarantee Authority. A portion of EUR 241 M of the facilities has a tenor of 7 years, whilst the remaining portion amounting to EUR 50 M has a tenor of 5 years.
“Through the establishment of these new credit facilities we have succeeded in terming out a substantial part of our existing gross debt maturities,” says Bo Jacobsson, Trelleborg’s CFO.
“Accordingly, we have already now significantly reduced the amount we will need to refinance when our existing syndicated loan, with maturity 2012, eventually needs to be replaced.”
The amount borrowed by Trelleborg under these fully committed credit facilities can vary over time as determined by Trelleborg. Trelleborg is free to reduce the amount of the facilities at any time or to cancel them altogether. Trelleborg does not anticipate drawing under the facilities before a refinancing of the existing syndicated loan facility with maturity 2012. The additional costs for the new facilities will therefore not have a material effect on the Group’s financial net for the next few years.
For further information, please contact:
Media:
Mikael Sjöblom, Vice President Media Relations
+46 410 67015, +46 733 74 70 15
mikael.sjoblom@trelleborg.com
Investors/analysts:
Conny Torstensson, Vice President IR
+46 410 67070, +46 734 087070
conny.torstensson@trelleborg.com
ABOUT TRELLEBORG
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. We develop high-performance solutions that seal, damp and protect in demanding industrial environments. The Group had annual sales during 2008 of approximately SEK 31 billion, with about 20,000 employees in 44 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed in the OMX Nordic List, Large Cap. www.trelleborg.com.
This is information of the type that Trelleborg AB (publ) is obligated to disclose in accordance with the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was issued for publication on December 28, 2009 at 08:30 CET.
