New credit facility in Kinnevik
(Thomson Reuters ONE) -
Investment AB Kinnevik today announced that it has signed a new three year
credit facility agreement with extension options for another two years.
The SEK 5.3 bln facility, which is self-arranged, is a revolver and has been
provided by a group of 6 banks - DnB Bank ASA, Sweden Branch, Nordea Bank AB
(publ), Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ) and
Swedbank AB (publ) as Mandated Lead Arrangers and Crédit Agricole Corporate and
Investment Bank and Merchant Banking, Skandinaviska Enskilda Banken AB (publ) as
Arrangers. Nordea Bank AB (publ) is acting as Facility and Security Agent.
The new credit facility is secured by listed shares, but without any financial
covenants. It will replace all the bilateral credit facilities with listed
shares as security, totalling SEK 4.95 bln, when closed in beginning of January
2012.
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83
+46 (0)70 762 00 83
Kinnevik was founded in 1936 and thus embodies more than seventy years of
entrepreneurship under the same group of principal owners. Kinnevik's objective
is to increase shareholder value, primarily through net asset value growth. The
company's holdings of growth companies are focused around seven comprehensive
business sectors; Paper & Packaging, Telecom & Services, Media, Online, Micro
financing, Agriculture and Renewable energy. Kinnevik has a long history of
investing in emerging markets which has resulted in a considerable exposure to
consumer sectors in these markets. Kinnevik plays an active role on the Boards
of its holdings.
The Kinnevik's class A and class B shares are listed on the NASDAQ OMX
Stockholm's list for large cap companies, within the financial and real estate
sector. The ticker codes are KINV A and KINV B.
Press release:
http://hugin.info/1114/R/1573407/489704.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kinnevik via Thomson Reuters ONE
[HUG#1573407]
Unternehmensinformation / Kurzprofil:
Datum: 22.12.2011 - 11:48 Uhr
Sprache: Deutsch
News-ID 99416
Anzahl Zeichen: 2781
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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