All agreed loans

Sweden. Atlas Copco AB

Date of loan: 19 May 2008
Country: Sweden
Customer: Atlas Copco AB
Amount in SEK: SEK 705 million
Amount in EUR: EUR 75.9 million
Maturity: 8 years
NACE sector / loan type: Other business activities
Business area: Industries and services

Project

The 8-year-maturity loan totalling SEK 705 million (EUR 76 million) has been provided for financing Atlas Copco Group's customer finance exposure. The company has provided financing to customers for equipment purchase since 1999. The geographical exposure of this portfolio includes North America, Europe, Asia, the Pacific, Africa and Latin America. Customer financing is a key factor in increasing export sales and, therefore, strengthening the company's competitiveness. The Atlas Copco Group, founded already in 1873, is a global industrial group. It produces industrial tools, compressed air equipment, construction and mining equipment, assembly systems, and offers related service and rental in about 160 countries.

Sustainability summary

The project involves different types of equipment deliveries and has manageable environmental impacts. The loan facility will be limited to financing customers on the European, North American and Pacific markets.