Denmark

One Financial Institution currently invests or makes available an estimated USD$ 85.5 million in nuclear weapons companies.

Danske Bank

Danske Bank currently has an estimated USD$ 85.60 million invested or available for the nuclear weapons producers identified in this report.

Loans

In March 2011, Honeywell International secured a five-year revolving credit facility with a value of US$ 2,800 million. The proceeds were used for general corporate purposes. Danske Bank participated in the 29 bank syndicate, committing an amount of US$ 50 million.[i]

In September 2012, Northrop Grumman secured a US$ 500 million revolving credit facility due September 2013 at a base rate of LIBOR+75.000bps. The proceeds were used for refinancing bank debt and general corporate purposes. Danske Bank participated in the 27 bank syndicate, committing an estimated amount of US$ 12.5 million.[ii]

References

[i]       Honeywell International, “Five “Year Credit Agreement”, Honeywell International, 31 March 2011; Thomson ONE Banker, “Tearsheet 2706948115”, Thomson ONE Banker (www.thomsonone.com), 31 March 2011; Bloomberg Database, “Loan finder”, Bloomberg Database, viewed November 2011.

[ii]       Thomson ONE Banker, “Tearsheet 2886058116Thomson ONE Banker (www.thomsonone.com), 04 September 2012.