Sweden's Gunnebo secures five year refi loan
Swedish security devices firm Gunnebo has become the latest west European firm to take advantage of cheap loan pricing. It has signed a $227m-equivalent five year refinancing facility.
The loan was provided by DNB and SEB. Lenders could lend in euros and dollars, and the final split was €140m and $35m.
The loan will likely remain undrawn, as the deal will function as a liquidity reserve, said Gunnebo."The rationale for refinancing was to extend the maturity of ...