The credit agreement contains some covenants covering EBITDA and certain ratios.
Rörvik Timber AB extends credit agreement with Nordea of approximately $61.5 million
Oct 16, 2013. /Lesprom Network/. Rörvik Timber AB has, in accordance with the discussions with the company's main bank in connection with the strengthening of the company's financial position, extended the company's credit agreement of approximately SEK 400 million (61.5 million) on 31 December 2015. The credit agreement contains some covenants covering EBITDA and certain ratios.The company has been through the implemented emissions received approximately SEK 390 million, which reduced interest-bearing debt, strengthening the capital and improved liquidity.
