New SEK 5 billion credit facilities for Boliden

Boliden has entered into a new credit facility agreement of SEK 4,300 million. The loan has a three year term, and runs in part, in parallel with existing loan agreement of EUR 600 million concluded in 2006. The new credit facility expires in 2011, while the existing loan agreement expires in 2013.

The new agreement has been reached with a group of 5 banks, headed by Nordea Bank AB (publ), Merchant Banking Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ).

Boliden also concluded a 7-year loan of EUR 75 million with Nordiska Investeringsbanken in June.
The average term of Boliden's debt portfolio after the transactions is 5.4 years.

For further information, please contact:

Carina Wång, Acting CFO, Boliden AB, tel. +46 8 610 15 21, +46 70 539 72 23
Marcela Sylvander, Manager Group Communications, Boliden AB, tel. +46 8 610 15 59, +46 733 244 551
Patrik Osterman, Treasurer, Boliden AB, tel. +46 8 610 15 14, +46 70 246 87 07

Boliden is a leading European metals company whose core competence is in the fields of exploration, mining, smelting and recycling. Boliden's main metals are zinc and copper. Other important metals extracted and refined include lead, gold and silver. The operations are conducted in three Business Areas: Market, Smelters and Mines. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR 3.6 billion annually. Its shares are listed on Stockholmsbörsen's Large Cap list and on the Toronto Stock Exchange in Canada.

www.boliden.com

Downloads

More press releases & news

The abnormally high seismic activity in Garpenberg has decreased and mining production at low levels will commence in the second quarter. The first quarter throughput was just under 0.8 Mton instead of the expected slightly over 0.9 Mton at already communicated grades. All inspections are not yet complete but production in the most affected part of the mine is not expected to resume in 2026. Until further notice, Garpenberg's production is therefore estimated to be around 30 percent of the guided capacity of 3.7 Mton per year. For the first quarter of 2026, EBITDA will be negatively affected by approximately SEK -400 million at today's prices and terms.

The shareholders of Boliden AB (p

Boliden has decided to invest in a new hoist system at Garpenberg and an industrial demonstration plant for the production of supplementary cementitious material at Rönnskär. The investments, which amount to SEK 4 billion and SEK 1.5 billion respectively, will strengthen the earnings capacity of both units and lay the foundation for exploiting further future opportunities.