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Atlas Copco Increases Credit Facility to MUSD 1 000.


STOCKHOLM, Sweden -- Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment.

The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden.
 AB has signed an increased and amended MUSD 1 000 multi-currency revolving credit Revolving Credit

A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs.
 facility, to be used as a back-up facility to Atlas Copco's commercial paper programs and for general corporate purposes.

The facility replaces the MUSD 600 credit facility signed April 7, 2005. The final maturity date, April 7, 2012, is unchanged. The mandated lead arrangers and bookrunners were Citi, Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Nordea Bank AB (publ) and SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare
staphylococcal enterotoxin B
. SEB acted as coordinator of the amendment and restatement process and is the facility agent.

"This increased credit facility, at improved terms, reflects Atlas Copco's growth and financial strength, and solidifies our relationship with our core banking group" says Ken Lagerborg, Group Treasurer, Atlas Copco.

Banks re-committing to the facility at an amount of MUSD 80 each are: Calyon, Danske Bank, Fortis, HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) 
 Bank, ING, Svenska Handelsbanken and Wachovia Bank. The mandated lead arrangers are committing at MUSD 110 each.

Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors.  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.

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Publication:Business Wire
Date:Apr 30, 2007
Words:259
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