Extended credit facility in Kinnevik
The SEK 5.8 bln facility is a revolver and has been provided by a group of six 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 Agent.
The credit facility is secured by listed shares, but without any financial covenants. Currently there are no loans outstanding under this facility.
The information is of such character, which Kinnevik shall disclose in accordance with the law on Trading with Financial Instruments (1991:980) and/or the Securities Market Act (2007:528). The information was distributed for disclosure at 4.00 p.m. on 22 November 2013.
For further information, visit www.kinnevik.se or contact:
|Torun Litzén, Director Investor Relations
|+46 (0)8 562 000 83
|+46 (0)70 762 00 83
Investment AB Kinnevik was founded in 1936 and thus embodies seventyfive 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 the following business sectors; Telecom & Financial services, Online, Media and Industry and other investments. 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 admitted to trading 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
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Source: Kinnevik via Thomson Reuters ONE