Material handling equipment company Kalmar announces that it has signed a EUR 200 million standby loan on Friday, December 13.
According to the company’s press release, the loan’s contract period is five years and it includes two one-year extension options, subject to the lenders’ approval.
The purpose of the standby loan is to refinance the existing bilateral standby loans of EUR 150 million, which mature in 2025 and 2027, and to finance the company’s general financing needs.
With this limit contract, Kalmar says it will strengthen its long-term liquidity.