Amer Sports signed a EUR 575 million multi-currency credit facility
Amer Sports Corporation has signed a 5-year EUR 575 million multi-currency credit facility on December 1, 2005. The new facility consists of a EUR 250 million term loan facility and a EUR 325 million revolving credit facility. The facility was heavily oversubscribed.
The facility will be used to refinance existing EUR 300 million bridge facility put in place to finance the acquisition of Salomon as well as for general corporate purposes. The facility pays a margin of 0.25-0.40% based on Amer Sports' net gearing.
The mandated lead arrangers were Barclays Capital, Nordea, and OKO Bank.
The facility will be used to refinance existing EUR 300 million bridge facility put in place to finance the acquisition of Salomon as well as for general corporate purposes. The facility pays a margin of 0.25-0.40% based on Amer Sports' net gearing.
The mandated lead arrangers were Barclays Capital, Nordea, and OKO Bank.