Securitas Signs New Five-Year Loan Agreement for MUSD 550 and MEUR 420

Securitas AB, a knowledge leader in security, has signed a new five-year loan agreement with a total of MUSD 550 and MEUR 420. This new facility will help partially repay the existing MUSD 1,100 Revolving Credit Facility that matures in 2012. The new agreement, which matures in 2016, will also be used for general corporate purposes. The loan was coordinated by Citi and SEB, with multiple banks participating equally in the transaction. SEB will act as the Facility Agent.

Key Takeaways:

• Securitas AB has signed a new five-year loan agreement with a total of MUSD 550 and MEUR 420, maturing in 2016.
• The new facility will be used to partially repay the existing MUSD 1,100 Revolving Credit Facility that matures in 2012.
• The loan was coordinated by Citi and SEB, with 11 banks participating equally in the transaction, including BNP Paribas, Commerzbank, and Nordea.
• Securitas will use the new loan for general corporate purposes, in addition to repaying the existing facility.
• SEB will act as the Facility Agent for the new loan agreement.
• Securitas operates in 40 countries across North America, Europe, Latin America, the Middle East, Asia, and Africa.

Statistics:

• Total loan amount: MUSD 550 and MEUR 420.
• Maturity date: 2016.
• Existing loan to be repaid: MUSD 1,100.
• Number of participating banks: 11.
• Geographic presence: 40 countries.

Sources:

• "Securitas signs new five year loan agreement" on Contify.com, submitted for publication at 13.00 CET on January 11, 2011.
• Securitas AB's press release, disclosed pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.