Press Release
Date of issue   Feb 12, 2013 | ID: 47903

Volvo Car Group signs financial agreements with bank group and Swedish Export Credit Corporation

 

Volvo Car Group (Volvo Cars) has signed two loan agreements with financial partners.

 

The first agreement is an unsecured working capital back-up facility of EUR 240 million with a maturity of 3 years. Swedish bank Nordea and ING Belgium have acted as coordinators for the facility, with Norwegian bank DNB and Swedbank of Sweden as additional participating banks. This transaction is important for Volvo Cars in order to develop its core relationship bank group.

 

In addition, Volvo Cars has entered into an unsecured loan agreement with Swedish Export Credit Corporation of 1 billion SEK. This facility is for general corporate purposes and has a maturity of three years. The state-owned Swedish Export Credit Corporation provides customized financial solutions to the Swedish export industry.

 

Media Contacts

 

Stefan Elfström

Manager Media Relations

Volvo Car Group

 

Phone: +46 31 596525

Mobile: +46 31 596525

stefan.elfstrom@volvocars.com

 

   

Volvo Car Group

PVH50, 50200

SE-405 31 Göteborg

Sweden

Phone: +46 31 59 65 25

Fax: +46 31 54 40 64

https://www.media.volvocars.com/

 

Registered Office
Göteborg, Sweden
Registration No.
556074-3089

Descriptions and facts in this press material relate to Volvo Car Group's international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.