June 24, 2008
New SEK 5 Billion Credit Facilities for Boliden
Carina Wang, Acting CFOTel: +46 8 610 15 21 or +46 70 539 72 23
Marcela Sylvander, Manager Group Communications
Tel: +46 8 610 15 59 or +46 733 244 551
Patrik Osterman, Treasurer
Tel: +46 8 610 15 14 or +46 70 246 87 07
Boliden (STO:BOL) (TSX:BOL) has entered into a new credit facility agreement of SEK 4,300 million. The loan has a three year term, and runs in part, in parallel with existing loan agreement of EUR 600 million concluded in 2006. The new credit facility expires in 2011, while the existing loan agreement expires in 2013.
The new agreement has been reached with a group of 5 banks, headed by Nordea Bank AB (publ), Merchant Banking Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ).
Boliden also concluded a 7-year loan of EUR 75 million with Nordiska Investeringsbanken in June. The average term of Boliden's debt portfolio after the transactions is 5.4 years.
Boliden is a leading European metals company whose core competence is in the fields of exploration, mining, smelting and recycling. Boliden's main metals are zinc and copper. Other important metals extracted and refined include lead, gold and silver. The operations are conducted in three Business Areas: Market, Smelters and Mines. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR 3.6 billion annually. Its shares are listed on Stockholmsborsen's Large Cap list and on the Toronto Stock Exchange in Canada.
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