Sandvik Amends Credit Facility
December 20 2013 - 2:31AM
Dow Jones News
Swedish engineering company Sandvik AB (SAND.SK) said Friday it
has completed an amendment of a guaranteed credit facility
established in Feb. 2012 at improved conditions.
MAIN FACTS:
-The facility is divided into two currencies comprising EUR650
million and SEK5 billion.
-"I am pleased that we have been able to amend the facility to
better reflect current market standards and reduced borrowing
margins," Sandvik group treasurer Anders Oerbom said.
-At 0800 GMT, shares were down 0.4% at SEK88.40 against a 0.1%
drop in the wider Stockholm market.
Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com
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