Ahlstrom signs new EUR 200 million medium term financing agreement>
Ahlstrom signs new EUR 200 million medium term financing agreement
(Thomson Reuters ONE) - Ahlstrom Corporation STOCK EXCHANGE RELEASE 15.7.2009Ahlstrom Corporation, a leading manufacturer of specialty papers andnonwovens, has today entered into a multicurrency revolving creditfacility agreement for the amount of EUR 200 million with sixrelationship banks. The new credit facility replaces an existingcorresponding revolving credit facility expiring in November thisyear and is available for general corporate purposes and refinancingof the existing credit facility.The new facility has a maturity of three years. The terms andconditions of the facility agreement contain customary covenants andundertakings including the requirement to maintain certain net debtto equity ratios. Dividend payments and other distributions toshareholders will also be restricted. As a result of theserestrictions dividend payments and other distributions will besubject to an equity injection, or the issuance of other instrumentstreated as equity under IFRS or other agreed subordinated debtinstruments sufficient for Ahlstrom to reduce its net debt to equityratio by approximately 20 percentage points as calculated based onthe company's balance sheet at the end of the first quarter of2009, as well as to sufficient cash flow. The restrictions do notapply to dividends that become payable under law (minority dividend).In the transaction, Nordea, Pohjola Bank and Skandinaviska EnskildaBanken (SEB) acted as mandated lead arrangers and bookrunners. Theother participants are DnB NORD and Sampo Bank as arrangers and BNPParibas as co-arranger. Nordea acted as coordinator of the creditfacility, SEB as documentation agent and Pohjola Bank acts asfacility agent.Additionally, Ahlstrom has raised new medium term debt of EUR 55million during the first half of 2009. Together with the new EUR 200million revolving credit facility, this improves Ahlstrom's debtmaturity profile.Ahlstrom CorporationJan LångPresident & CEOFor further information, please contact:Seppo ParviCFOTel. +358 10 888 4768Distribution:NASDAQ OMX HelsinkiMain mediawww.ahlstrom.comAhlstrom in briefAhlstrom is a global leader in the development, manufacture andmarketing of high performance fiber-based materials. Nonwovens andspecialty papers, made by Ahlstrom, are used in a large variety ofeveryday products, such as filters, wipes, flooring, labels, andtapes. Based upon its unique fiber expertise and innovative approach,the company has a strong market position in several business areas inwhich it operates. Ahlstrom's 6,100 employees serve customers viasales offices and production facilities in more than 20 countries onsix continents. In 2008, Ahlstrom's net sales amounted to EUR 1.8billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. Thecompany website is at www.ahlstrom.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 15.07.2009 - 13:00 Uhr
Sprache: Deutsch
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