Konecranes refinances EUR 200 million revolving credit facility
Konecranes has signed a EUR 200 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 200 million facility signed in December 2010 and will be used for the general corporate purposes of the Group, the company said in its press release.
The mandated lead arrangers and bookrunners are Citi, Danske Bank, Nordea Bank, Pohjola Bank, SEB and Svenska Handelsbanken. In addition, BNP Paribas, Commerzbank, Crédit Agricole and Deutsche Bank acted as lead arrangers for the transaction. SEB also acted as the co-ordinating mandated lead arranger and documentation and 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 and machine tools of all makes. In 2014, Group sales totaled EUR 2,011 million. The Group has 11,900 employees at 600 locations in 48 countries.
