Volvo Treasury Signs €1.2bn Multi-currency Revolving Credit Facility
Volvo Treasury has signed a €1.2bn multi-currency revolving credit facility. The facility replaces the company’s existing US$1.4bn revolving credit facility signed in May 2006. The new facility has a tenor of five years and serves for general corporate purposes.
Citi, DNB Market, Handelsbanken Capital Markets and HSBC Bank, acted as co-ordinators for the arrangement and syndication of the facility. The credit facility was well received in the market and closed significantly oversubscribed. With 21 participating banks, both existing as well as new relationship banks, the credit facility is well diversified.