Skanska signs syndicated credit facility EUR 750 mln
Solna, Sweden – Skanska has signed a syndicated credit facility totaling EUR 750 million, corresponding to approximately SEK 7 billion. The agreement has a maturity of seven years. The credit facility was signed by Skanska Financial Services AB, with Skanska AB as the guarantor. The facility, which will be used primarily as a strategic borrowing reserve, can be utilized in a number of currencies, including EUR, USD and GBP.
The creditors are 15 international commercial banks.
Skanska is one of the world’s leading construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. The Group currently has 56,000 employees in selected home markets in Europe, in the US and Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska’s sales in 2006 totaled USD 17 billion.