December 22 - Konecranes has signed a new EUR200 million (USD262 million) five-year Revolving Credit Facility with its core relationship banks.
The loan will be used for general corporate purposes and it replaces the three-year EUR 200 million (USD262 million) facility signed in April 2009.
Early refinancing enables taking advantage of the favourable market conditions and prolonging the maturity.
The Mandated Lead Arrangers and Bookrunners are Commerzbank, Credit Agricole CIB, Handelsbanken, Nordea Bank, Pohjola Bank, Sampo Bank and SEB. Nordea Bank acted as the Co-ordinating Mandated Lead Arranger and Facility Agent.
Konecranes provides lifting solutions, as well as services for lifting equipment and machine tools and serves a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals.