ASSA ABLOY signs EUR 900 million syndicated revolving credit facility
ASSA ABLOY has together with 14 banks entered into a syndicated Multi-Currency Revolving Credit Facility amounting to EUR 900 million. The facility has a tenure of at least five years and its main purpose is to refinance an existing facility amounting to EUR 1.1 billion maturing in 2014.
ASSA ABLOY is the global leader in door opening solutions with around 43,000 employees, sales of about SEK 47 billion and operations in over 70 countries. The ASSA ABLOY share is listed on NASDAQ OMX Nordic Stockholm.
ASSA ABLOY was advised by Mannheimer Swartling in the matter. Zoran Stambolovski handled the assignment, primarily assisted by Caroline Nilsson.