3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||19 May 2008|
|Customer:||Atlas Copco AB|
|Amount in SEK:||SEK 705 million|
|Amount in EUR:||EUR 75.9 million|
|NACE sector / loan type:||Other business activities|
|Business area:||Industries and services|
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.
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.