Falck signs loan and credit facilities agreement of DKK 3.9bn
Falck A/S together with Danske Bank, DnB NOR Bank ASA, ING Belgium SA/NV, Nordea Bank Danmark A/S, Nykredit Bank A/S, and Skandinaviska Enskilda Banken AB (publ) as the Lenders are pleased to announce that a DKK 3,870,650,890.64 Amended and Restated Facilities Agreement (the “Facility”) was signed on 4 June 2018.
Tor Magne Lønnum, Falck Group CFO, says: “This facilities agreement forms an important step in Falck’s turnaround. In combination with last years funding from our owners, the loan and credit facilities give Falck a stable financial base. Thus, the company has a strengthened platform for continuing the journey towards a stronger Falck.”
The Facility is split into two DKK denominated term tranches, and a DKK denominated revolving tranche. The Facility will be used to refinance existing indebtedness and for general corporate purposes of the group including working capital needs.
Danske Bank acted as Co-ordinator and is Facility Agent on the transaction.
Details of the Facility
Original Borrower:Falck A/S
Facility Amount:DKK 3,870,650,891
Tranches:DKK 788,464,118 Term Loan Facility
DKK 1,500,000,000 Term Loan Facility
DKK 1,582,186,773 Revolving Credit Facility
Maturity:30 June 2021