Oriola-KD Corporation has rearranged its long-term revolving credit facility and term loan agreement
11.6.2015
Oriola-KD Corporation Stock Exchange Release 11 June 2015 at 4.15 p.m.
Oriola-KD Corporation has rearranged its long-term revolving credit facility and
term loan agreement
Oriola-KD Corporation ("Oriola-KD") has agreed to rearrange its long-term
revolving credit facility and term loan agreement. The signed revolving credit
facility and term loan agreement approximately in total of EUR 175 million will
replace the existing financing agreement that was signed on 15 May 2013. The new
financing agreement consists of EUR 100 million revolving credit facility and
Swedish crown denominated amortized term loan agreement approximately in total
of EUR 75 million. Revolving credit facility and term loan agreement will mature
in three years from the signing of the agreement. The financing agreement
includes financial covenants that are based on Net Debt to EBITDA -ratio and on
Net Debt to Equity ratio.
Danske Bank, Nordea Bank, Pohjola Bank and SEB were acting as Mandated Lead
Arrangers. Danske Bank acted as the coordinator and agent in the transaction.
Oriola-KD Corporation
Sari Aitokallio
Interim CFO
For further information, please contact:
Sami Laine
Group Treasurer
Mobile +358 40 638 0251
email: sami.laine@oriola-kd.com
Distribution
NASDAQ OMX Helsinki Ltd.
Key media
Released by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola-kd.com
[HUG#1927943]