SKF ensures credit facility of 300 million EURO

SKF has signed a five-year and 300 million EURO revolving credit facility with a syndicate of eleven banks. This new credit facility replaces existing credit facilities and gives the benefit of both a longer maturity and reduced cost. Banks in the syndicate are ABN Amro Bank, Barclays Bank, BNP PARIBAS, Citibank, Deutsche Bank, Dresdner Kleinwort Wasserstein, HSBC Bank, Skandinaviska Enskilda Banken, San Paulo IMI, Soci¨¦t¨¦ G¨¦n¨¦rale and Svenska Handelsbanken.