Saab SEK 6bn revolving credit facilities (2021)
Extend facilities maturing in January 2023; cancels the March 2020 SEK 4bn facility
Key terms
- Borrower or issuer
- Saab
- Date
- 24 Sep 2021
- Type
- Bank facility
- Amount
- SEK 6bn (US$700m)
Recorded terms
- Structure
- Five-year SEK 4bn revolving credit facility and two-year SEK 2bn revolving credit facility with 1+1 year extension options
- Country
- Sweden
Parties
- Saab borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Sep 2021 | Rheinmetall €500m syndicated revolving credit facility | Bank facility | €500m |
| 7 Oct 2021 | Leonardo €2.4bn ESG-linked revolving credit facility | Bank facility | €2.4bn |
| 24 Aug 2021 | Lockheed Martin US$3.0bn revolving credit facility (2021) | Bank facility | US$3bn |
| 13 Dec 2021 | CACI International US$3.2bn credit facilities (2021) | Bank facility | US$3.2bn |
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
More from Saab
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 Sep 2026 | Saab €300m 4.25% EMTN bond due 2033 | Bond | €300m |
| 9 Sep 2025 | Saab SEK 2bn MTN issue (September 2025) | Bond | SEK 2bn |
| 17 Jun 2025 | Saab SEK 6bn revolving credit facility | Bank facility | SEK 6bn |
| Nov 2023 | Saab SEK 1.25bn MTN issue due 2028 | Bond | SEK 1.25bn |
| 26 Mar 2020 | Saab SEK 4bn revolving credit facility (2020) | Bank facility | SEK 4bn |
M&A and investment involving Saab
| Date | Deal | Type | Value |
|---|---|---|---|
| Dec 2018 | Saab SEK 6.0bn rights issue | Equity raise | SEK 6.01bn |
Sources
- Saab press release: Saab signs revolving credit facilities saab.com · 24 Sep 2021
About this record
Record DEF-2021-0019, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
