SSAB has signed a EUR 800 million revolving credit facility
SSAB has signed a new EUR 800 million syndicated multi-currency revolving credit facility agreement (RCF). The committed facility has a maturity of five years with two one-year extension options subject to lenders' approval.
The new facility refinances the existing EUR 700 million RCF dated May 2022 and can be used for general corporate purposes.
"The new revolving credit facility is an important part of SSAB's funding and liquidity management, providing a committed liquidity reserve and the financial flexibility needed to support our ongoing transformation and long-term investment needs. The refinancing also demonstrates our continued access to competitive financing and reflects the strong relationships we maintain with our banking partners," says Leena Craelius, CFO.
Crédit Agricole Corporate and Investment Bank and DNB Carnegie acted as coordinators. DNB Bank acts as Facility Agent and Crédit Agricole Corporate and Investment Bank, DNB Bank, BNP Paribas, Danske Bank, Handelsbanken, HSBC, J.P. Morgan, Nordea Bank, OP Corporate Bank, SEB, Standard Chartered Bank and Swedbank acted as Mandated Lead Arrangers and Bookrunners.
For further information, please contact:
Kati Vellinki, Vice President and Head of Treasury, kati.vellinki @ ssab.com, phone: +358 50 415 4016
Per Hillström, Head of Investor Relations, per.hillstrom @ ssab.com, phone: +46 702 95 29 12
SSAB is a global leader in premium steels, shaping a stronger, lighter, and more sustainable world. With high-strength and advanced steels, pioneering decarbonized offerings, and value-add services, we deliver unique customer value and accelerate customer competitiveness worldwide. A steelmaker since 1878, our teams in more than 50 countries set the standard for industry-leading performance. SSAB operates steel mills in Sweden, Finland, and the United States and is leading the transformation of the industry - dramatically reducing emissions from our own production. SSAB shares are listed on Nasdaq Stockholm, with a secondary listing on Nasdaq Helsinki.