Atlas Copco Carries Out Funding Plan.STOCKHOLM, Sweden -- Atlas Copco (STO:ATCOA) (STO:ATCOB) has successfully completed a multi-currency bond issue program, which together with the recently decided distribution of capital of MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 27,315 to the shareholders will provide the Group with a more efficient capital structure. Atlas Copco has priced a MSEK 2,000 3-year issue, a MSEK 3,000 5-year issue, a MEUR MEUR Million Euros 600 7-year issue, and a MUSD 800 10-year issue. The mandated lead arrangers for the SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. bonds were Nordea and SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B , for the EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. bond Citi, Deutsche Bank and SEB, and for the USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. bond Citi and Deutsche Bank. "Our financial position is very strong after a number of years with improved profitability and the recent sale of our construction equipment rental business in North America," says Atlas Copco's Group Treasurer Ken Lagerborg. "We're now adjusting our balance sheet to a more efficient structure. We are pleased with the strong reception from investors, which resulted in attractive funding levels." Atlas Copco has not been active in the debt capital markets since 1999. Following Atlas Copco's announcement of capital distribution to the shareholders and the Dynapac and ABAC ABAC APEC (Asian-Pacific Economic Cooperation) Business Advisory Council ABAC Abraham Baldwin Agricultural College ABAC Antiquarian Booksellers Association of Canada ABAC Assumption Business Administration College acquisitions, both Moody's and Standard & Poor's affirmed Atlas Copco's A3 and A- ratings respectively. At the end of the first quarter, Atlas Copco had a net cash position of BSEK 12.5. Following the distribution of capital and the payments for the Dynapac and ABAC acquisitions, the Group will have pro forma net indebtedness of approximately BSEK 22. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2006, Atlas Copco had 25 900 employees and revenues of BSEK 51 (BEUR 5.6). Learn more at www.atlascopco.com. This information was brought to you by Cision http://newsroom.cision.com |
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