Amer Sports Corporation, which owns brands such as Mavic, Salomon and Suunto, signed a 5 year €200 million syndicated revolving credit facility agreement on 24 November 2011. According to the company, the facility will be used for general corporate purposes and for the refinancing of Amer Sports’ existing syndicated loan.
“This arrangement further strengthens our liquidity, which together with the strong balance sheet supports our growth plans in line with our strategic priorities,” said Amer CFO Jussi Siitonen.
The credit facility was reportedly well received in the market and significantly oversubscribed. The mandated lead arrangers were Nordea Bank Finland Plc and Pohjola Bank plc.
