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Cargotec has issued Schuldschein loans in the amount of EUR 150 million

Hiab
CARGOTEC CORPORATION, PRESS RELEASE, 7 NOVEMBER 2018 AT 4.45 PM (EET) Cargotec has issued Schuldschein loans in the amount of EUR 150 million Cargotec has issued a series of Schuldschein loans in the amount of EUR 150 million. The transaction included floating and fixed rate tranches with maturities of 5 and 7 years. The Schuldschein loans were targeted to banks and institutional investors, with the proceeds going towards general corporate purposes, including refinancing and acquisitions. "These inaugural Schuldschein loans further strengthen Cargotec's financial and liquidity position and diversify our funding base in the international debt capital markets", says Cargotec's  Pekka Reijonen, VP Treasury. The arranger is Landesbank Hessen-Thüringen Girozentrale (Helaba). For further information, please contact: Pekka Reijonen, Vice President, Treasury, tel. +358 20 777 4148 Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 20 777 4084 Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2017 totalled approximately EUR 3.2 billion and it employs over 11,000 people. www.cargotec.com

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via Globenewswire

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