STOCKHOLM, May 7 (Reuters) - Swedish specialty steel and tools maker Sandvik said on Friday it was raising 1 billion euro ($1.21 billion) syndicated five year term loan facility.
Sandvik said joint leads in the issue were Barclays, BNP Paribas, Citigroup, Nordea and Handelsbanken.
The facility will have a margin of 22.5 basis points per year and utilisation fees of 5.0 bp for over 33 percent drawn, and 7.5 bp for over 67 percent drawn the company said.
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