Skanska signs a EUR 600 million syndicated revolving credit facility
Skanska has signed a syndicated revolving credit facility amounting to EUR 600 million. The agreement has a 5 year tenor.
The facility is signed by Skanska Financial Services AB with Skanska AB as guarantor. The credit is to primarily serve as a strategic back up facility and can be utilized in optional currencies such as EUR, GBP, SEK and USD.
The syndicate is consisting of 12 international banks.
The facility is used to refinance the existing EUR 750 million multicurrency revolving credit facility from 2007.