SKF issues EUR 500 million Eurobond
2011 May 25, 15:59 CET
Today AB SKF's new issue of EUR 500 million 3.875 % senior unsecured notes with a seven year maturity closed. The notes have been listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market.
The issue gained strong market interest and was significantly oversubscribed. The notes were placed with around 200 international investors.
The notes issue was lead by Bank of America Merrill Lynch, Citi, Deutsche Bank, and HSBC. The proceeds of the issue will primarily be used to refinance the debt related to the 2010 acquisition of Lincoln Industrial.
Gothenburg, 25 May 2011
For further information, please contact:
PRESS: Ingalill Östman, SKF Group Communication, tel: +46 31-337 3260, mobile: +46 706-973260, e-mail: email@example.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46 705-181994, e-mail: firstname.lastname@example.org
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. Annual sales in 2010 were SEK 61,029 million and the number of employees was 44,742. www.skf.com