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Cavotec announces EUR 95 million Senior Revolving Credit and Bank Guarantee Facilities

08:30 / 8 July 2015 Cavotec Press release

Cavotec announces EUR 95 million Senior Revolving Credit and Bank Guarantee

Global engineering group Cavotec SA (“Cavotec” or the “Company”) is pleased to
announce it has successfully signed a EUR 95 million Senior Revolving Credit
and Bank Guarantee Facilities (“Facilities”) with a syndicate of leading global
banks as well as Swiss banks. 

These Facilities were fully finalised on 7 July 2015 and will provide the
Company with the resources it needs to support its next stage of global growth.
The new agreement is a refinancing of a pre-existing syndicated credit
arrangement signed in August 2011. The Coordinator, Bookrunner and Agent of
these Facilities is UBS Switzerland AG and the Mandated Lead Arrangers are
Banca Imi S.p.A., HSBC Bank plc, SEB AG and UBS Switzerland AG while Banca
dello Stato del Cantone Ticino and Bank Coop AG also joined the bank syndicate. 

“I would like to thank all those involved in securing this agreement – our
partners on the banking side, and in Cavotec – which underlines the robust
business model at the core of the Company,” says Ottonel Popesco, Cavotec CEO. 

The agreement incorporates a committed EUR 70 million senior revolving credit
facility, and a EUR 25 million senior revolving bank guarantee facility, which
can be extended to EUR 100 million and EUR 30 million respectively. 

“I am pleased to have worked with our long-standing banking relationships on
securing these new Facilities,” says Kristiina Leppänen, Cavotec CFO. “Our
banks’ continued support is an endorsement of Cavotec’s ability to maintain its

As well as refinancing Cavotec’s existing syndicated credit agreement, the new
resources will be used to underpin Cavotec’s M&A activities, product
development, and growth into new and existing markets. 


For further details please contact:

Michael Scheepers

Group Director, IR & Corporate Communications or +41795024010

The information in this release is subject to the disclosure requirements of
Cavotec SA under the Swedish Securities Market Act and/or the Swedish Financial
Instruments Trading Act. This information was publicly communicated on 8 July
2015, 08:30 CEST.

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