AAK's refinancing completed

AAK's refinancing completed

AAK has signed two new fully committed credit facilities. The facilities
will be used to refinance existing facilities which mature during the
autumn 2011 and to finance current operation and potential acquisitions.
Both loan agreements have a maturity of five years and are fully
committed facilities.    

One of the new credit facilities is a ”Multicurrency Revolving
Facility”, a club deal of EUR 330 million  (SEK 3.000 million) with
Nordea, Handelsbanken and Nykredit. All banks contribute with equal
share. Nordea has acted as Co-ordination Agent.
The other loan agreement is a USD 180 million (SEK 1.200 million)
bilateral ”Multicurrency Revolving Facility” with Nordea.
The new loans together with the seven year loan of SEK 1.000 million
with Nordea signed during the summer 2010 and  partly guaranteed by EKN
- implies that AAK has prolonged the debt maturities significantly.
Altogether, the Group now has committed credit facilities aggregating
SEK 6.000 million with a maturity of five years or more. The new loan
terms also includes significantly enhanced flexibility concerning
increased raw material prices.

 

For further information, please contact
Anders Byström
CFO
Phone: +46 40 627 83 32
Mobil: +46 709 88 56 13

Fredrik Nilsson
Group Financial Manager and
Head of Investor Relations
Phone: + 46 40 627 83 34
Mobile: + 46 708 95 22 21

The information is that which AarhusKarlshamn AB (publ) is obliged to
publish under the provisions of the Stock Exchange and Clearing
Operations Act and/or the Trading in Financial Instruments Act. The
information was released to the media for publication on 31 January 2011
at 8.30 a.m. CET.