Gränges is a global leader in aluminium rolling and recycling in selected niches. We’re committed to creating circular and sustainable aluminium solutions in partnership with our customers and suppliers - for a better future.
Gränges is a global leader in aluminium rolling and recycling. We help customers grow and transition to climate neutrality. Our products enable efficient climate control in transportation and buildings, electrification and battery components, recyclable packaging, and more.
Gränges Endure is our product brand for aluminium solutions that combine the highest technical and sustainability performance.
Gränges’ ambition is to create circular and sustainable aluminium solutions for a better future. Sustainability, alongside people and safety, is a key driver of the company’s long-term competitiveness and value creation. These elements are at the core of Gränges’ business and strategy, emphasizing their central role in differentiating the company within the industry.
Investor Relations Director
Anna Hedenberg
anna.hedenberg@granges.com +46 76 869 96 48
Working at Gränges means being surrounded by proud, talented and motivated colleagues – in a safe work environment. Our success is based on extensive industrial craftsmanship and highly employees.
Today 3,500 employees make up Gränges Group in three regions: Americas, Asia and Europe. Gränges is a global company with local presence. Are you joining the team?
Here we have brought together our press releases, financial reports and images. Gränges aims to provide open and clear information disclosure. You are very welcome to contact us if you have questions.
VP Communication & Investor Relations
Sara Lander Hyléen
sara.hyleen@granges.com +46 709 16 16 41
Gränges has refinanced the credit agreement that originally financed the acquisition of the US business in August 2016. The new credit facilities give Gränges a cost-effective financing, an increased financial flexibility and a prolonged time to maturity.
The new credit facilities consist of a revolving credit facility available in several currencies of SEK 2,000 million with a term of 3 years and an option to prolong to 5 years, a Term Loan of USD 100 million with a term of 5 years and a revolving credit facility for the American subsidiary Gränges Americas Inc. of USD 50 million with a term of 3 years.
Mandated Lead Arrangers of the credit agreements were Danske Bank A/S, Danmark, Sverige filial, Nordea Bank Abp, filial i Sverige, and Svenska Handelsbanken AB (publ). Danske bank A/S will act as facility agent.
Gränges has also entered into an additional Term Loan of USD 25 million with a term of 4 years with AB Svensk Exportkredit.
In connection with the new credit facilities a corresponding amount will be repaid on the original credit facility. The new credit facilities are expected to have a neutral effect on Gränges’ financial cost for the current year.
For further information, please contact: Oskar Hellström, CFO and Deputy CEOoskar.hellstrom@granges.com, tel: +46 8 459 59 00
Johan Dufvenmark, VP Group Treasuryjohan.dufvenmark@granges.com, tel: +46 705 97 4375
About GrängesGränges is a leading global supplier of rolled aluminium products for heat exchanger applications and other niche markets. In materials for brazed heat exchangers Gränges is the global leader with a market share of approximately 20 per cent. The company develops, produces and markets advanced materials that enhance efficiency in the customer manufacturing process and the performance of the final products. The company’s geographical markets are Europe, Asia and the Americas. Its production facilities are located in Sweden, China and the United States, and have a combined annual capacity of 420,000 metric tonnes. Gränges has some 1,800 employees and net sales of SEK 13 billion. The share is listed on Nasdaq Stockholm. More information on Gränges is available at www.granges.com.
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