Tikkurila rearranged its long-term debt financing
(Thomson Reuters ONE) -
Tikkurila Oyj
Stock Exchange Release
June 22, 2015 at 9:00 a.m. (CET+1)
Tikkurila Oyj has entered into a new EUR 150 million long-term revolving credit
facility and term loan agreement. This new debt facility agreement consists of
EUR 100 million five-year revolving credit facility and EUR 50 million term
loan, which matures in January 2021.
The facility agreement includes one covenant, which is based on the gearing
ratio of Tikkurila Group. Pohjola Bank, Danske Bank, and Unicredit Bank Austria
act as mandated lead arrangers. Pohjola Bank is the coordinator and agent in the
transaction.
The money to be borrowed under the new facility will be used to refinance the
facilities that the Company agreed and entered into in 2011, as well as for
general corporate purposes.
Tikkurila Oyj
Jukka Havia, CFO
For further information, please contact:
Jukka Havia, CFO, mobile +358 50 355 3757, jukka.havia(at)tikkurila.com
For 150 years already, Tikkurila has provided consumers and professionals with
user-friendly and sustainable solutions for surface protection and decoration.
Tikkurila wants to be the leading paint company in the Nordic area as well as in
Russia and other selected Eastern European countries. - Tikkurila inspires you
to color your life.
www.tikkurilagroup.com
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Source: Tikkurila Oyj via GlobeNewswire
[HUG#1930119]
Unternehmensinformation / Kurzprofil:
Datum: 22.06.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 401952
Anzahl Zeichen: 2029
contact information:
Town:
Vantaa
Kategorie:
Business News
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"Tikkurila rearranged its long-term debt financing"
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