CARGOTEC CORPORATION, PRESS RELEASE, 7 NOVEMBER 2018 AT 4.45 PM (EET)
Cargotec has issued Schuldschein loans in the amount of EUR 150 million
Cargotec has issued a series of Schuldschein loans in the amount of EUR 150 million. The transaction included floating and fixed rate tranches with maturities of 5 and 7 years. The Schuldschein loans were targeted to banks and institutional investors, with the proceeds going towards general corporate purposes, including refinancing and acquisitions.
"These inaugural Schuldschein loans further strengthen Cargotec's financial and liquidity position and diversify our funding base in the international debt capital markets", says Cargotec's Pekka Reijonen, VP Treasury.
The arranger is Landesbank Hessen-Thüringen Girozentrale (Helaba).
For further information, please contact:
Pekka Reijonen, Vice President, Treasury, tel. +358 20 777 4148
Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 20 777 4084
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2017 totalled approximately EUR 3.2 billion and it employs over 11,000 people. www.cargotec.com