Konecranes closed the syndication of the merger financing arrangement

Corporate press releases

KONECRANES PLC PRESS RELEASE January 28, 2021 at 09:00 EET

Konecranes closed the syndication of the merger financing arrangement

Konecranes has closed the syndication regarding an EUR 465 million Term Loan Facility. The Term Loan Facility will be used to support and finance the completion of the merger of Konecranes and Cargotec.

The syndication was launched on the 30th November 2020 and the commitments received from the banks in the syndication led to a significant oversubscription.

Nordea Bank Abp managed the syndication process as Mandated Lead Arranger, Bookrunner and Exclusive Underwriter of the Facility.

BNP Paribas, Danske Bank, OP Corporate Bank Plc and SEB joined the facility as Mandated Lead Arrangers. Citi, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., London Branch, Deutsche Bank AG, Handelsbanken, Helaba, ING Belgium S.A./N.V., Santander, Standard Chartered and Swedbank AB (publ) were acting as Lead Arrangers.



Kiira Fröberg
Vice President, Investor Relations

Tomi Hintikka, Group Treasurer, tel. +358 (0) 20 427 2042, email: [email protected]

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2019, Group sales totaled EUR 3.33 billion. Including MHE-Demag, the Group has around 17,000 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).

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