Oct 03, 2005. /Lesprom Network/. Dynea International Oy announced the redemption of all of its outstanding 12% notes due 2010 on a redemption date of November 1, 2005. The notes will be redeemed pursuant to the terms of the indenture governing the notes at a redemption price of 106.125% plus accrued and unpaid interest to November 1, 2005. To finance the redemption and to refinance Dynea Chemical’s existing senior credit facility, Dynea International has entered into a new eight year, Euro 410 million credit facility with a Nordic group of financial institutions led by Nordea. Net of shareholder contributions in the form of equity and shareholder loans, Dynea International’s external net debt will be reduced from approximately Euro 500 million to Euro 350 million. “With the improved financial performance and the refinancing we will considerably increase our development opportunities. Considerable contributions from our shareholder leading to a lower debt burden and clearly reduced debt servicing obligations will free up funds for investments into growth”, says Filip Frankenhaeuser, Executive Vice President of Dynea.