Autoliv fastens in $1.1bn facility
Autoliv, the automotive safety systems manufacturer, has signed a new $1.1bn bank loan led by Mizuho, Nordea and SEB after the facility was oversubscribed during syndication. The multi-currency revolver was signed with a group of 14 banks.
The five year plus one plus one facility replaces a deal of the same size signed in 2005 and which was set to expire in 2012.
Mizuho, Nordea and SEB were active bookrunners, coordinators and mandated lead arrangers, while Bank of Tokyo-Mitsubishi UFJ, ING and Société Générale were
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