The financing for the bioproduct mill project is in total Euro 750 million and consists of several financing arrangements. The new revolving credit facility is Euro 300 million with a maturity date five years from the signing. In addition, the company has signed a Euro 150 million shareholder loan agreement with Itochu Corporation.
The debt financing for the bioproduct mill project consists of a Euro 400 million Finnvera guaranteed loan, Euro 200 million loan from European Investment Bank (EIB), Euro 80 million loan from commercial banks and Euro 70 million loan guaranteed by Swedish export credit agency EKN.
The financing has been coordinated by Nordea. Other lenders, in addition to above participating in the financing are Danske Bank, DNB Bank, Pohjola Bank, SEB, Swedish Export Credit and Swedbank.
Metsä Fibre is a world-leading producer of softwood pulp.
