Sweden's Gunnebo secures five year refi loan

By Michael Turner
24 Feb 2014

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 ...

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