Suominen has entered into a single-currency syndicated credit facility agreement which consists of a €50 million term loan and a €50 million revolving credit facility with a maturity of three years with a one-year extension option. The lenders for the facility are Danske Bank and Nordea Bank. The new credit facility includes leverage ratio and gearing as financial covenants.
The new credit facility replaces the existing €100 million syndicated revolving credit facility agreement of Suominen provided by Danske Bank A/S and Nordea.
