Kemira signed Euro 400 million revolving credit facility
Kemira has signed a 5+1+1 year Euro 400 million revolving credit facility with eight banks. This is a committed credit facility to be used for general corporate purposes. The new facility replaces undrawn Euro 300 million facility signed in June 2011. The loan agreement includes a financial covenant based on gearing.
ByLesprom Network
Sep 03, 2013. /Lesprom Network/. Kemira has signed a 5+1+1 year Euro 400 million revolving credit
facility with eight banks. This is a committed credit facility to be used for
general corporate purposes. The new facility replaces undrawn Euro 300 million
facility signed in June 2011. The loan agreement includes a financial covenant
based on gearing, as the company said in the press release received by Lesprom
Network.
Banks acting as Mandated Lead Arrangers and Bookrunners are Nordea Bank,
Danske Bank, Citi Bank, Commerz Bank, Pohjola Bank plc, SEB and Swedbank. ING
N.V. acts as Lead Arranger. Nordea Bank and Danske Bank acted as the
Coordinators.
Kemira Oyj is a chemical industry group that consists of three main
segments - pulp & paper, oil & gas, mining and water treatment.
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