Meda signs agreement with SEK for a five-year bond loan

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Dec 7 2009

Meda (STO:MEDAA) has signed an agreement with SEK (The Swedish Export Credit Corporation) for a five-year bond loan of approximately 4 300 MSEK. The bond loan is issued under a guarantee from EKN (The Swedish Export Credit Guarantee Board). Danske Bank and SEB have also issued guarantees.

The proceeds will be used to refinance the bridge facility of 2 500 MSEK from autumn of 2008. The excess amount will strengthen Meda’s financial headroom. The new loan facility doubles Meda’s average debt maturity from one and a half to three years.

Source:

http://www.meda.se/

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