Saab signs Revolving Credit Facility
Saab has signed a 24 months Revolving Credit Facility Agreement of SEK 4 Billion with a group of three banks.
The facility will strengthen the company’s financial flexibility, and if needed, be utilised to refinance upcoming and future loan maturities.
“The facility increases Saab’s financial flexibility and demonstrates the financial market’s confidence in Saab, especially in the current uncertain economic climate”, says Magnus Örnberg, CFO of Saab.
The facility has been arranged by the following banks: Skandinaviska Enskilda Banken AB (publ), Danske Bank A/S, Danmark, Sverige Filial, and Swedbank AB (publ) as equal lenders.
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Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.
The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, on 26 March 2020 at 10:15 (CET).
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