Our businesses:


Trade Press Release

Cargotec completes repurchase of corporate bond


Cargotec successfully completes a partial repurchase of its euro-denominated domestic bond due 21 June 2012 as a part of active management of liquidity and loan refinancing risk. Cargotec has agreed to repurchase a nominal amount of EUR 77,800,000 from the note holders, which represents 77.800 percent of the original EUR 100 million bond issued in 2005. All tenders from note holders have been accepted and will be executed according to the terms and conditions of the offer. The settlement date of the repurchase will be 29 September 2010 at a price of 103.070 percent, which corresponds to EUR 10,307 per EUR 10,000 principal amount note plus accrued interest of EUR 104.11 per note. Nordea Markets acted as Dealer Manager in the tender offer.

Further information:
Eeva Sipilä, CFO, tel. +358 20455 4281
Pekka Reijonen, Senior Vice President, Treasury, tel. +358 20455 4856Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands,Hiab, Kalmar and MacGregorare recognisedleadersin cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs approximately 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.

What do you think of the site?