BOLIDEN, Sweden, May 9, 2018 /PRNewswire/ -- Boliden, together with 11 banks, has signed a syndicated credit agreement totaling EUR 770 million. The agreement comprises two tranches: one of EUR 408 million with a term of 5 years and one of EUR 362 million with a term of 3 years. The facilities extend an existing credit agreement of EUR 770 million; EUR 408 million and EUR 362 million otherwise maturing in 2021 and 2019 respectively. The Facilities also include two additional one-year extension options.
"Boliden keeps a robust financing through business cycles. The Revolving Credit Facility agreement makes up Boliden's primary liquidity reserve. The agreement increases the debt maturity profile and decreases our funding cost", says HÃ¥kan Gabrielsson, Boliden's CFO.
Boliden's debt portfolio, after having signed the new agreement, will total close to SEK 13,7 billion, with an average term of 3.7 years. The facilities include a multicurrency option and are intended, in part, to function as back-up facilities.
For further information, please contact:
Olof Grenmark
Director Investor Relations
+46-8-610-15-23, +46-70-291-57-80
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SOURCE Boliden