Konecranes refinances EUR 400 million revolving credit facility
OREANDA-NEWS. Konecranes has signed a EUR 400 million five-year revolving credit facility with two 12-month extension options with its core relationship banks. The committed credit facility refinances the existing EUR 400 million facility signed in August 2016 and will be used for the general corporate purposes of the Group.
Commerzbank, Danske Bank, Nordea Bank and SEB were appointed Coordinating Bookrunners and Mandated Lead Arrangers. BNP Paribas, Citi, OP Corporate Bank and Svenska Handelsbanken were Bookrunners and Mandated Lead Arrangers. BBVA, Credit Agricole, DBS, Deutsche Bank, Helaba, HSBC, ING, RBI, Santander and Swedbank were Mandated Lead Arrangers. SEB will be the facility agent.
Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2016, Group (comparable combined company) sales totaled EUR 3,278 million. The Group has 16,600 employees at 600 locations in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).