Regulatory News:
Sandvik (STO:SAND) has concluded an agreement for a guaranteed credit
facility with a five-year term, with the option to extend it up to seven
years. The facility, which is divided into two currencies comprising 650
MEUR and 5 billion SEK, has been placed at the disposal of the company
by the following banks: Handelsbanken, Nordea and SEB acting as
coordinators, in addition to Bank of Tokyo-Mitsubishi, Barclays, Citi,
Danske Bank, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Royal Bank
of Scotland, Societe Generale, Standard Chartered and Swedbank.
“I am pleased that we have been able to secure liquidity in this manner
for the years ahead while also confirming the banks included in our core
relationship bank group,” says Anders Örbom, Group Treasurer, Sandvik AB.
The credit facility will replace earlier facilities totaling 1.5 billion
EUR and will comprise Sandvik’s primary liquidity reserve, which is
considered adequate to meet all normal, short-term liquidity
requirements.
Sandviken, 3 February 2012
Sandvik Aktiebolag (publ)
Sandvik AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 09.00 CET on 3 February
2012.
The Sandvik Group
Sandvik is a global industrial group with advanced products and
world-leading positions in selected areas – tools for metal cutting,
equipment and tools for the mining and construction industries,
stainless materials, special alloys, metallic and ceramic resistance
materials as well as process systems. In 2011, the Group had about
50,000 employees and representation in 130 countries, with annual sales
of nearly 94,000 MSEK.
For more information visit www.sandvik.com
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