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October 17, 2003 02:00 AM

Trelleborg signs financing agreement

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    TRELLEBORG, Sweden (Oct. 17)—Trelleborg Group has obtained a $626 million, five-year loan to replace short-term loans assumed to finance the purchase of Smiths Group P.L.C.´s precision seal business. Nine banks participated in the agreement. Trelleborg bought the Polymer Sealing Solutions division for $795 million, a deal that closed in September.

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