SSAB has signed a new EUR 800 million syndicated multi-currency revolving credit facility agreement (RCF). The committed facility has a maturity of five years with two one-year extension options subject to lenders' approval.
The new facility refinances the existing EUR 700 million RCF dated May 2022 and can be used for general corporate purposes.
"The new revolving credit facility is an important part of SSAB's funding and liquidity management, providing a committed liquidity reserve and the financial flexibility needed to support our ongoing transformation and long-term investment needs. The refinancing also demonstrates our continued access to competitive financing and reflects the strong relationships we maintain with our banking partners," says Leena Craelius, CFO.
Crédit Agricole Corporate and Investment Bank and DNB Carnegie acted as coordinators. DNB Bank acts as Facility Agent and Crédit Agricole Corporate and Investment Bank, DNB Bank, BNP Paribas, Danske Bank, Handelsbanken, HSBC, J.P. Morgan, Nordea Bank, OP Corporate Bank, SEB, Standard Chartered Bank and Swedbank acted as Mandated Lead Arrangers and Bookrunners.
For further information, please contact:
Kati Vellinki, Vice President and Head of Treasury, kati.vellinki @ ssab.com, phone: +358 50 415 4016
Per Hillström, Head of Investor Relations, per.hillstrom @ ssab.com, phone: +46 702 95 29 12