Lindab has renegotiated its credit agreement
Lindab has renegotiated its credit agreement with Nordea and Handelsbanken. The term of the agreement remains 17 December 2012. The credit facility has been reduced from SEK 4.5 bn to SEK 3.5 bn to reflect future anticipated requirements. The cost of the funding will be increased in line with currently prevailing market rates.
"The previous agreement was set up when the market environment was very different," says David Brodetsky, Lindab's CEO. "The new conditions are satisfactory given the existing conditions in the market place."
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The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
Nils-Johan Andersson, CFO
Mobile:+46 (0)70 668 5075
Lindab - A Ventilation and Building Products company:
Lindab is an international group that develops, manufactures and markets sheet metal products and system solutions for the construction sector.
The two business areas, Profile and Ventilation offer complete solutions for construction systems and indoor climate, as well as individual construction and ventilation components for all types of buildings.
Lindab is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Large Cap under the ticker "LIAB".
The Lindab group has approximately 5,000 employees in 31 countries and generated sales of SEK 9,840 million in 2008. Its head office is located in Grevie near Bastad in southwestern Sweden. For more information visit www.lindabgroup.com