Mondi Swiecie S.A. completes refinancing
Nov 03, 2009. Mondi Swiecie S.A., the Mondi Group's 66% owned subsidiary in Poland, has completed a refinancing of its business.
Nov 03, 2009. /Lesprom Network/. Mondi Swiecie S.A., the Mondi Group's 66% owned subsidiary in Poland, has completed a refinancing of its business, the company said.
The refinancing included the negotiation of the terms of a nine-year syndicated European Investment Bank (EIB) guarantee facility for more than PLN 521 million ($179 million), and the consolidation of its other financing sources through a syndicated revolving credit facility agreement for PLN 225 million ($77 million), and a Mondi Group inter-company loan facility of PLN 200 million ($69 million).
Mondi said in a statement that both the syndicated EIB guarantee facility and the syndicated revolving credit facility have been guaranteed by the Mondi Group.