Autoliv (NYSE: ALV och SSE: ALIVsdb), Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems has refinanced its existing $1.1 billion multi-currency revolving credit facility agreement with a group of 14 banks. The facility has a five-year maturity, with extension options for up to two more years. The facility agreement is for general corporate purposes and replaces our existing $1.1 billion syndicated facility, which matures in April 2018.
Autoliv is pleased to announce that the refinancing of its existing core $1.1 billion credit facility has been successfully closed, with a significant oversubscription from new and existing lenders.
The active bookrunners, co-ordinators and mandated lead arrangers are HSBC, Mizuho, and SEB. The other bookrunning mandated lead arrangers are MUFG, ING and JP Morgan. The lead arrangers are Bank of China, Citi, DnB, Nordea, Morgan Stanley, Société Générale and Wells Fargo Bank NA. The bank acting as arranger is Northern Trust.
As with all of the existing principal debt arrangements of Autoliv, this financial commitment does not have any financial covenants, i.e. performance-related restrictions.
Autoliv will file a copy of the facility agreement with its quarterly report in October 2016 with the Securities and Exchange Commission at www.sec.gov.
