Boliden has successfully refinanced the company's bank loans of EUR 600 million. The new loan agreement has a five-year term, with an option for up to two more years and replaces Boliden's previous bank agreement of EUR 840 million which was signed in 2004.

"This shows that our lenders have great confidence in Boliden and that we have a long-term financing on even better terms. The management focuses on having a strong balance sheet to enable future growth and profitability," says Jan Johansson, President and CEO of Boliden.

The average term of Boliden's debt portfolio after the transaction is 5,5 years, of which bonds with a maturity between year 2012-2016 comprises approximately 37 % of the debt portfolio.

The new bank agreement has been signed with a 11-bank syndicate in which ABN AMRO Bank N.V., DnB NOR Bank ASA, HSH Nordbank AG, Nordea Bank AB, SEB Merchant Banking Skandinaviska Enskilda Banken AB and Swedbank play leading roles.

For more information, please contact:

Jan Johansson, President and CEO, Boliden AB, ph: +46 (0)8-610 1602,
+46 (0)70-555 02 02
Staffan Bennerdt, CFO, Boliden AB, ph: +46 (0)8-610 1520, +46 (0)70-513 61 14
Ulf Söderström, SVP Group Communications, Boliden AB, ph: +46 (0)8-640 1557,
+46 (0)70-618 95 95