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.
ByLesprom Network
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
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