Skanska to refinance its 2017 EUR 500 million undrawn revolving credit facility

Skanska to refinance its 2017 EUR 500 million undrawn revolving credit facility

(PRESS RELEASE) STOCKHOLM, 9-Nov-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced the refinancing of its existing and undrawn 2017 revolving credit facility with a new EUR 500 million multicurrency revolving credit facility linked to the company’s sustainability goals. The credit facility comes with a tenor of five years with two one year extension options and will be used as a backup for general corporate purposes.

The interest rate margin on the credit facility is linked to Skanska’s sustainability strategy. The KPIs relates to Skanska’s ambitious climate targets which have been validated by the Science Based Targets initiative; reduce 70% of absolute GHG emissions from operations by 2030 from a 2015 baseline and; for buildings developed and divested by Skanska, reduce 50% of absolute GHG emissions during the use-phase by 2030 from a 2020 baseline. The climate target reinforces Skanska’s aim to scale innovative, sustainable solutions such as highly energy-efficient and energy-producing buildings which are increasingly in demand by customers.

The facility is backed by a group of 7 leading global and regional banks, well diversified to match Skanska’s geographical footprint. Crédit Agricole Corporate and Investment Bank, Nordea and SEB acted as Joint Coordinators, Mandated Lead Arrangers and Bookrunners in the transaction. SEB also acted as the Sustainability Coordinator and Facility Agent.

For further information please contact:
Antonia Junelind, Senior Vice President Investor Relations, tel +46104486261
Jacob Birkeland, Head of Media Relations and Public Affairs, tel +46104491957
Direct line for media, tel +46 (0)10 448 88 99

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Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2021 revenue totaling SEK 148 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

SOURCE: Skanska AB


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