Daily News: October 21, 2016

BofA Merrill Lynch, Citibank, Others Lead $219MM Revolver for Valmet


Bank of America Merrill Lynch, Citibank, Credit Agricole, Danske Bank, Nordea Bank, Skandinaviska Enskilda Banken and Standard Chartered Bank were lead arrangers and bookrunners for a new €200 million ($210 million) revolving credit facility for Valmet Oyj.

The new facility matures on January 14, 2022 with two one-year extension options dependent on the approval of the banks concerned. The new facility refinances an existing €200 million credit facility and will be used for general corporate purposes.

Espoo, Finland-based Valmet is a global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.