SKF has successfully signed a EUR 800 million multicurrency revolving credit facility.Thefacility has a tenor of five years with two one-year extension options,and it will serve as a back-up liquidity facility for general corporate purposes. It refinances SKF’s existing and undrawn EUR 500 million syndicated credit facility and a separate EUR 250 million bilateral credit facility, which in aggregate totaled EUR 750 million.
Niclas Rosenlew, CFO and Senior Vice President, says: “The renewed facility gives us a solid long-term liquidity structure in addition to our already strong balance sheet. It also highlights the strength of our strategy and ability to raise committed financing in the current market.”
The facility is supported by a group of ten leading global and regional banks.Bank of America and SEB acted as joint Co-ordinating Mandated Lead Arrangers and Bookrunners in the process. In addition,Bank of China, BNP Paribas, Citibank, Deutsche Bank, Handelsbanken, HSBC, J.P. Morgan, and Nordea, joined the facility as Mandated Lead Arrangers and Bookrunners.
More About Us:
Jiashan Epen Bearing Co.Ltd. is a professional manufacturer of plain bearings and wear plates, and has grown rapidly to a point where now all types of plain bearings can be supplied. Standard catalogue sizes, special sizes and designs can be produced at competitive prices and to a high quality standard.
2023 new week Epen product Recommendation:
E90 bronze wrapped bushings are made of entirely bronze CuSn8. Because of material properties, the working surface rolled with diamond Indentations (standard Indentations) or stamped oil grooves according to detailed application. And it also has good performance of anti-corrosion caused by chemical and environments. During the operation, the grease & oil will be released from the indentations, which allow for long-term lubrication. Compare with machined bronze bearings, E90 can offer some advantages including thin wall, lower weight, cheaper cost, high load etc. It is suitable for high load, lower speed application like construction, transport, and agriculture machinery.
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