STOCKHOLM, Sweden, June 10, 2002 (PRIMEZONE) -- The Trelleborg Group has strengthened its long-term financing by raising a new syndicated loan of U.S. $600 M (approximately SEK 5.9 billion) stretching over a five-year period. The financing was oversubscribed and the loan was increased from the original U.S. $500 M to U.S. $600 M.
A total of eleven banks are participating in the loan syndicate, both Swedish and foreign. It has been coordinated by Danska Bank A/S, HSBC Investment Bank plc, Nordea Bank Sweden AB (publ) and Svenska Handelsbanken AB (publ).
"This provides us with effective, long-term financing and good preparedness for our growth strategy," said Fredrik Arp, Trelleborg's CEO. "The fact that the loan was oversubscribed demonstrates the strong interest in participating in the future development of the Trelleborg Group."
For further information please contact: CFO Jan Bjorck,+46 410 67028/+46 708 46 02 07 Senior Vice President Corporate Communications Mikael Bystrom, +46 410 670 94/+46 708 55 21 69 or Vice President Corporate Communications Mikael Sjoblom, +46 410 670 94/+46 708 55 21 30
Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of our customers. The Trelleborg Group has annual sales of approximately SEK 19 billion, with about 16,000 employees in 40 countries. Trelleborg consists of four business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems and Trelleborg Building Systems. The Trelleborg share has been quoted on the A list of Stockholmsborsen (the Stockholm Exchange) since 1964.
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