Saab SEK 4bn revolving credit facility (2020)
Financial flexibility in the Covid-19 market; refinance upcoming loan maturities if needed
Key terms
- Borrower or issuer
- Saab
- Date
- 26 Mar 2020
- Type
- Bank facility
- Amount
- SEK 4bn (US$435m)
Recorded terms
- Structure
- 24-month revolving credit facility from three banks as equal lenders
- Lenders and arrangers
- Skandinaviska Enskilda Banken AB (publ), Danske Bank A/S, Danmark, Sverige Filial, and Swedbank AB (publ), arrangers and equal lenders
- Country
- Sweden
Parties
- Saab borrower or issuer
- Lenders: Danske Bank, SEB, Swedbank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 12 Feb 2020 | Leidos US$1.0bn delayed-draw term loan for the L3Harris security detection acquisition | Bank facility | US$1bn |
| 7 Feb 2020 | KBR US$1.795bn senior secured credit facilities refinancing | Bank facility | US$1.79bn |
| 17 Jan 2020 | Leidos US$2.68bn unsecured term loan A and revolver (2020) | Bank facility | US$2.67bn |
| 20 Dec 2019 | Ducommun US$140m senior secured term loan A | Bank facility | US$140m |
| 30 Oct 2019 | Teledyne US$150m term loan | Bank facility | US$150m |
More from Saab
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 Sep 2026 | Saab €300m 4.25% EMTN bond due 2033 | Bond | €300m |
| 9 Sep 2025 | Saab SEK 2bn MTN issue (September 2025) | Bond | SEK 2bn |
| 17 Jun 2025 | Saab SEK 6bn revolving credit facility | Bank facility | SEK 6bn |
| Nov 2023 | Saab SEK 1.25bn MTN issue due 2028 | Bond | SEK 1.25bn |
| 24 Sep 2021 | Saab SEK 6bn revolving credit facilities (2021) | Bank facility | SEK 6bn |
M&A and investment involving Saab
| Date | Deal | Type | Value |
|---|---|---|---|
| Dec 2018 | Saab SEK 6.0bn rights issue | Equity raise | SEK 6.01bn |
Sources
- Saab press release: Saab signs Revolving Credit Facility saab.com · 26 Mar 2020
About this record
Record DEF-2020-0030, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
