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Volvo Treasury Signs €2B Loan
Sweden’s Volvo Treasury has secured a €2 billion multicurrency revolving credit facility.
Sweden’sVolvo Treasuryhas secured a €2 billion multicurrency revolving credit facility,CISIONWIREreports. The five-year loan replaces the company’s existing €775 million revolving credit facility and its €1.45 billion loan.
BNP Paribas Merchant Banking,SEB,Mizuho Corporate BankandNordeaserved as coordinators for the arrangement and syndication of the facility and 23 banks participated in total. The company intends to use the net proceeds for general corporate purposes.
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