Boliden Signs EUR 850 Million Credit Agreement
May 12 2014 - 1:16AM
Business Wire
Regulatory News:
Boliden (STO:BOL)(TSX:BLS), in partnership with 13 banks, has
signed a syndicated credit agreement of EUR 850 million. The
agreement comprises two facilities: one of EUR 450 million with a
term of 5 years which replaces an existing credit agreement of SEK
5,800 million that matures in 2015, and one of EUR 400 million with
a term of 3 years which replaces an existing credit agreement of
EUR 400 million that matures in 2017.
“We are happy with the agreement which improves the maturity
profile of the debt portfolio and also decreases the total funding
costs,” says Mikael Staffas, Boliden’s CFO.
Boliden’s debt portfolio, once the new agreement has been
signed, will total close to SEK 13 billion, with an average term of
3.7 years. The facilities include a multicurrency option and are
intended, in part, to function as back-up facilities.
Boliden is a metals company with a commitment to sustainable
development. Our roots are Nordic, but our business is
global. The company’s core competence is within the fields of
exploration, mining, smelting and metals recycling. Boliden has a
total of approximately 4,800 employees and a turnover of
approximately SEK 34 billion. Its share is listed on NASDAQ OMX
Stockholm, segment Large Cap.
www.boliden.com (http://www.boliden.com)
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BolidenMarcela Sylvander, Director Group Communications+46
8 610 1630, +46 733 244551
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