Svenska Cellulosa Aktiebolaget (SCA) has signed a new credit facility of SEK 5 billion ($526 million), as the company said in the press release received by Lesprom Network.
The new facilitety is a refinancing of the current undrawn credit facilitys of SEK 8 billion ($842 million) that was signed in 2017. The credit facility is primarily a back-up facility that will remain undrawn and serve as a liquidity reserve for the company. The facility has a maturity of 5 years containing two extension options of 1 year each.
Participating banks are Svenska Handelsbanken, Danske Bank, Skandinaviska Enskilda Banken and Swedbank where they all acted as “Mandated Lead Arrangers” and ”Bookrunners”, with Skandinaviska Enskilda Banken as “Co-ordinator”.
The core of SCA’s business is the forest, Europe’s largest private forest holding.
