Munksjö Oyj has entered into a new SEK 570 million term loan agreement with a maturity of 5 years. The new loan will increase operating flexibility and adjust the debt portfolio to the Group's operating structure. The new term loan is expected to be implemented before the end of December 2015.

Munksjö signs a new term loan

13:29 / 十二月 18, 2015

Dec 18, 2015. /Lesprom Network/. Munksjö Oyj has entered into a new SEK 570 million term loan agreement with a maturity of 5 years. The new loan will increase operating flexibility and adjust the debt portfolio to the Group's operating structure. Munksjö's head office and three production facilities are located in Sweden, as the company says in the press release received by Lesprom Network.

In addition to the new loan agreement, Munksjö has a term loan and revolving credit facilities agreement, with a maturity of 5 years since September 2014. The interest payable under both agreements depends on the ratio of consolidated net debt to consolidated EBITDA.

The covenants for the agreements are net debt to EBITDA and EBITDA to consolidated net finance charges. The financing is provided by Nordea, Danske Bank and SEB.

The new term loan is expected to be implemented before the end of December 2015.

Munksjö is a world-leading manufacturer of advanced paper products developed

with intelligent paper technology.

Lesprom Network

Munksjö signs a new term loan

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