AAK refinances credit facilities
AAK has signed new committed credit facilities which will replace existing credit facilities and be used to finance current operations and potential acquisitions. The credit facilities consist of a five year club loan facility of EUR 400 million (approx. SEK 3.6 billion) and two three year bilateral facilities totaling SEK 1.5 billion. All facilities include an extension option of one plus one year.
AAK is one of the world’s leading producers of high value-added speciality vegetable oils and fats solutions. AAK has production facilities in Denmark, Mexico, the Netherlands, Sweden, Great Britain and USA and toll manufacturing operations in Russia and Malaysia. AAK is listed on NASDAQ OMX Stockholm.
AAK was advised by Mannheimer Swartling in the transaction. Zoran Stambolovski handled the matter, primarily assisted by Pontus Malmunger.