Gränges rolled out Skr1.8bn revolver ahead of IPO

Gränge aluminium plant 230x150
By Richard Metcalf
22 Oct 2014

Swedish rolled aluminium producer Gränges signed a new Skr1.8bn ($247.8m) five-year multi-currency revolving credit facility with two Nordic banks, before its listing on Nasdaq Stockholm earlier this month.

Svenska Handelsbanken and SEB were mandated lead arrangers and committed Skr900m each.

The facility, signed on August 20, will be used for general corporate purposes and replaces internal financing from its parent company, the Oslo-based conglomerate Orkla.

"We are happy to have established this credit facility with Handelsbanken and SEB, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial