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New credit facility in Kinnevik

22 Dec 2011, 11:47 am
Investment AB Kinnevik today announced that it has signed a new three year
credit facility agreement with extension options for another two years.

The SEK 5.3 bln facility, which is self-arranged, is a revolver and has been
provided by a group of 6 banks - DnB Bank ASA, Sweden Branch, Nordea Bank AB
(publ), Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ) and
Swedbank AB (publ) as Mandated Lead Arrangers and Crédit Agricole Corporate and
Investment Bank and Merchant Banking, Skandinaviska Enskilda Banken AB (publ) as
Arrangers. Nordea Bank AB (publ) is acting as Facility and Security Agent.

The new credit facility is secured by listed shares, but without any financial
covenants. It will replace all the bilateral credit facilities with listed
shares as security, totalling SEK 4.95 bln, when closed in beginning of January
2012.

For further information, visit www.kinnevik.seor contact:

Torun Litzén, Director Investor Relations +46 (0)8 562 000 83

                                          +46 (0)70 762 00 83



Kinnevik  was  founded  in  1936 and  thus  embodies  more than seventy years of
entrepreneurship  under the same group of principal owners. Kinnevik's objective
is  to increase shareholder value, primarily through net asset value growth. The
company's  holdings of growth  companies are focused  around seven comprehensive
business  sectors; Paper &  Packaging, Telecom &  Services, Media, Online, Micro
financing,  Agriculture and  Renewable energy.  Kinnevik has  a long  history of
investing  in emerging markets which has  resulted in a considerable exposure to
consumer  sectors in these markets. Kinnevik plays  an active role on the Boards
of its holdings.

The  Kinnevik's  class  A  and  class  B  shares  are  listed  on the NASDAQ OMX
Stockholm's  list for large cap companies,  within the financial and real estate
sector. The ticker codes are KINV A and KINV B.




Press release:
http://hugin.info/1114/R/1573407/489704pdf




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(i) the releases contained herein are protected by copyright and
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Source: Kinnevik via Thomson Reuters ONE

[HUG#1573407]