Huhtamäki Oyj has signed a freely transferable loan agreement (Schuldschein) of Euro 117 million and $35 million (approx. Euro 33 million), as the company said in the press release received by Lesprom Network.
It includes several floating and fixed rate tranches with maturities of 5, 7 and 10 years. The loan is targeted to institutional investors. Huhtamaki will use the funds for refinancing and general corporate purposes of the Group.
Huhtamaki is a global specialist in packaging for food and drink.