Saab settles €23 million of €100 million fixed-, floating-rate loans

By Lisa Kerner

Charlotte, N.C., Dec. 22 – Saab AB announced that during the fourth quarter, it settled €23 million of loans totaling €100 million. The remaining €77 million will be settled in the first half of 2016.

The loans mature between 2021 and 2023, and tranches are in both fixed- and floating-rate format, according to a news release.

BNP Paribas SA Niederlassung Deutschland and Citigroup Global Markets Ltd. arranged the Schuldschein loan agreements.

The Stockholm -based car manufacturer said the purpose of the loan transaction is to strengthen its long-term financial flexibility.

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