Cargotec refinances EUR 300 million revolving credit facility
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 24 JANUARY 2011, AT 4:30 PM EET
Cargotec Corporation has signed a EUR 300 million five-year revolving credit facility with a syndicate of four banks. It replaces a EUR 300 million facility maturing in May 2012, which is currently undrawn. With refinancing and prolonging the maturity, Cargotec strengthens its long-term liquidity and takes advantage of the favourable market conditions. Mandated Lead Arrangers and Book Runners for the facility were Danske Bank A/S, Nordea, Pohjola Bank plc and SEB.
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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 9,800 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.