Sulzer Signs $547 Million Revolving Credit Facility to Refinance
Stock Chart for Sulzer AG (SUN)
Sulzer AG (SUN), a Swiss maker of pumps, signed a 500 million Swiss franc ($547 million) revolving credit facility to refinance an existing line.
The five-year loan partly replaces a 700 million franc facility due to mature in August, according to an e-mailed statement from Citigroup Inc., which coordinated the club-style deal. Bank of America Merrill Lynch, Banque Cantonale Vaudoise (BCVN), Basler Kantonalbank (BSKP), Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc, Nordea Bank AB (NDA), UBS AG and Zurcher Kantonalbank also participated in the deal.
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