Skandinaviska, Others Arrange Saab Facility
Saab AB signed a multi-currency revolving credit facility of SEK 2 billion ($231 million) with maturity Jaunary 1, 2020, with a possibility to extend the term with one plus one year.
The facility was arranged by the following banks, which each has a commitment of MSEK 400 each: Skandinaviska Enskilda Banken AB, Crédit Agricole Corporate and Investment Bank, Danske Bank AS, Nordea Bank AB and Swedbank AB.
Proceeds will go toward general corporate purposes and strengthening Saab’s financial flexibility in connection with expansion.
Saab is a global provider of military defense and civil security products, services and solutions within.