Saab signs five-year credit facility with eight banks

Security and defence company Saab has signed a five-year credit facility of SEK4bn (£389.4m), with a total of eight banks with a SEK500m commitment each, to refinance the existing credit facility with maturity in March 2012.

The self-arranged credit facility has a credit margin of 0.65 per cent and commitment fee of 35 per cent of margin.