Lindab has renegotiated its credit agreement
(Thomson Reuters ONE) - Lindab has renegotiated its credit agreement with Nordea andHandelsbanken. The term of the agreement remains 17 December 2012.The credit facility has been reduced from SEK 4.5 bn to SEK 3.5 bn toreflect future anticipated requirements. The cost of the funding willbe increased in line with currently prevailing market rates."The previous agreement was set up when the market environment wasvery different," says David Brodetsky, Lindab's CEO. "The newconditions are satisfactory given the existing conditions in themarket place."EndThe information here is that which Lindab International AB haswillingly chosen to make public or that which it is obliged to makepublic according to the Swedish Securities Market Act and/or theFinancial Instruments Trading Act.Contacts:LINDABDavid Brodetsky, CEOEmail: david.brodetsky(at)lindab.comMobile: +46 (0)73 274 5418Nils-Johan Andersson, CFOEmail: nils-johan.andersson(at)lindab.comMobile:+46 (0)70 668 5075Lindab - A Ventilation and Building Products company:Lindab is an international group that develops, manufactures andmarkets sheet metal products and system solutions for theconstruction sector.The two business areas, Profile and Ventilation offer completesolutions for construction systems and indoor climate, as well asindividual construction and ventilation components for all types ofbuildings.Lindab is listed on the Nasdaq OMX Nordic Exchange, Stockholm, LargeCap under the ticker "LIAB".The Lindab group has approximately 5,000 employees in 31 countriesand generated sales of SEK 9,840 million in 2008. Its head office islocated in Grevie near Bastad in southwestern Sweden. For moreinformation visit www.lindabgroup.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.10.2009 - 14:16 Uhr
Sprache: Deutsch
News-ID 6858
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