Sandvik has resumed a loan agreement for the second time from The European Investment Bank. The new agreement amounts to EUR250 million and is based on Sandvik’s investments in Research and Development in Europe from 2012 to 2015. A similar loan was signed in 2007 for activities carried out during in 2007 to 2011.
“This loan extends and evens our debt maturity profile at the same time as it contributes to a further diversification of funding sources, in line with Sandvik’s funding strategy,” said Group Treasurer, Sandvik AB, Anders Örbom.
The disbursement of the loan was made in October, which has a 10 year maturity. Amortization will start after four years.