| |
Investors |
|
| |   | Key Facts | | | | | Key Figures | | | | | Reporting Structure | | | | | Financial Reports | | | | | Annual | | | | | Quarterly | | | | | Presentations | | | | | Press Releases | | | | | English Version | | | | | Swedish Version | | | | | Share Information | | | | | Stock Quotes | | | | | Number of Shares | | | | | Shareholder Structure | | | | | Share Buybacks | | | | | Dividend Information | | | | | Equity Units | | | | | Analyst Coverage | | | | | Credit Ratings | | | | | Consensus Estimates | | | | | Calendar | | | | | Subscription Services | | | | | Order printed material | | | | | Governance | | | | | Board of Directors | | | | | Committees | | | | | Senior Management | | | | | Compensation | | | | | Shareholders Meeting | | | | | Proxy Statements | | | | | Articles of Association | | | | | Code of Conduct | | | | | Reporting Structure | | | | | Filings | | | | | IR Contacts | |
|
|
| |
|
|
| |
 |
 |
|
|
|
 |
 |
 |
 |
| Investors |
|
| Creating Shareholder Value |
|
 |
 |
 |
 |
 |
|
 |
|
|
 |
| |
|
|
| |
|
|
| |
 |
| |
| Autoliv Signs $850 million Multi-Currency Revolving Credit Facility |
| |
Autoliv Signs $850 million Multi-Currency Revolving Credit Facility
|
| Stockholm, Sweden (April 2 , 2003) - - Autoliv Inc. – the worldwide leader in automotive safety – has signed a new $850 million revolving credit facility agreement with a group of 16 banks. The loan consists of two facilities: A $570 million facility which has a maturity of five years with extension options for two additional years and a $280 million facility which has a 364-days maturity, which can be renewed up to four times. The loan is for general corporate purposes including the refinancing of existing syndicated facilities amounting to $804 million. The loan facilities have a margin of 0.45% p.a. over LIBOR, given the present BBB+ rating from Standard and Poor's.
The syndication was significantly oversubscribed and the facility size was increased by $150 million from $700 million. This oversubscription also led to significant scaleback of commitment levels.
Mandated Lead Arrangers for the transaction are Bank One Europe Ltd., Commerzbank AG, SEB Merchant Banking and SG Investment Banking.
The Arrangers are: BBVA, Mizuho Corporate Bank Ltd and Nord/LB.
The Co-Arrangers are: The Bank of Tokyo-Mitsubishi Ltd, Danske Bank, HSBC, ING Group, Key Bank N.A., Natexis Banques Populaires and Nordea.
The Senior Lead Managers are: Northern Trust Co. and Wachovia Securities.
The new loan has a more flexible covenant structure and the entire documentation will be available at www.sec.gov, subsequent to SEC filing.
The core group of banks from the previous transaction renewed their commitments and a small number of strategically complementing banks has also joined the new transaction. Autoliv looks forward to further strengthening and developing the relationships with the above banks.
Inquiries:
Magnus Lindquist, CFO, Autoliv Inc. Tel. +46 8 587 20 612,
Mobile. +46 733 160963
Hannes Wadell, Treasurer, Autoliv Inc. Tel. +46 8 587 20 655,
Mobile. +46 733 869977
|
| |
|
|
| |
| |
|
Press Release Archive |
|
|
|
|
