Konecranes borrows US$1.7bn for Terex MHPS acquisition
Konecranes has secured €1.5bn (US$1.7bn) worth of financing for its acquisition of Terex’s material handling and port solutions segment.
This financing includes a €0.3bn (US$0.36bn) loan which is due to be paid back in three years; a €0.6bn (US$0.72bn) loan which will be paid back in instalments over five years and a €0.4bn (US$0.45bn) revolving credit facility which will last five years, alongside a €0.2bn (US$0.23bn) bridging loan.
The €0.45bn (US$0.45bn) revolving credit facility deal refinances €0.3bn (US$0.36bn) worth of existing revolving credit facility signed in 2014 and 2015.
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