16 December 2010 – Trelleborg has signed an agreement with the European Investment Bank in respect of a long term loan totaling EUR 80 M.
The loan is intended to finance a part of Trelleborg’s expenditures for selected research and development projects in number of European countries extending out into 2012. These research and development projects focus on the further development of advanced polymer technology and related products to seal, damp and protect in demanding environments.
The loan is made directly to the Trelleborg Group’s treasury company, Trelleborg Treasury AB (publ) (“Trelleborg Treasury”). At the option of Trelleborg Treasury, the loan is available for drawdown in several tranches under a drawdown period of 18 months from the signing date of the loan. As selected by Trelleborg Treasury, each tranche may have a tenor of up to seven years from its disbursement date. The loan is competitively priced.
This agreement with the European Investment Bank forms part of Trelleborg’s overall strategy to diversify funding sources and potentially facilitates the terming out of a portion of the Trelleborg Group’s total gross debt to scheduled maturities in the later part of the current decade.
Contacts
Media:
Vice President Media Relations, Mikael Sjöblom
+46 (0)410 67015
+46 (0)733 74 70 15
mikael.sjoblom@trelleborg.com
Investors/analysts:
Vice President IR, Conny Torstensson
+46 (0)410 67070
+46 (0)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. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2009 of approximately SEK 27 billion, with about 20,000 employees in 40 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 on the OMX Nordic List, Large Cap. www.trelleborg.com
This information is such that Trelleborg AB (publ) must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading (Market Abuse Penalties) Act. This information was submitted for disclosure on December 15, 2010, at 8:30 a.m.
