Metsä Board Corporation has agreed on the extension of its existing syndicated credit facility by two years, as the company said in the press release received by Lesprom Network.
The syndicated facility consisting of a Euro 150 million term loan facility and a Euro 100 million revolving credit facility will after the amendment mature in March 2020.
At the same time the pricing of the facility was amended leading to a decrease in annual financial costs of approximately 0.5 million per annum.
Metsä Board is a leading European producer of folding boxboards and white linerboards made from fresh forest fibres.
