Munksjö signs a new term loan in Swedish krona to further increase flexibility and extend maturity

MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 17 December 2015 at 8.00 a.m. CET

Munksjö signs a new term loan in Swedish krona to further increase flexibility and extend maturity

Munksjö Oyj has entered into a new SEK 570 million term loan agreement with a maturity of five years. The new loan will increase operating flexibility and adjust the debt portfolio to the Group’s operating structure. Munksjö’s head office and three production facilities are located in Sweden. 

In addition to the new loan agreement, Munksjö has a term loan and revolving credit facilities agreement, with a maturity of five years since September 2014. The interest payable under both agreements depends on the ratio of consolidated net debt to consolidated EBITDA. The covenants for the agreements are net debt to EBITDA and EBITDA to consolidated net finance charges. The financing is provided by Nordea, Danske Bank and SEB. 

The new term loan is expected to be implemented before the end of December 2015. 

Munksjö Oyj 


For further information, please contact: 

Pia Aaltonen-Forsell, CFO, tel. +46 10 250 10 29 
Laura Lindholm, Investor Relations Manager, tel. +46 72 703 63 36 



Munksjö - Intelligent paper technology 

Munksjö is a world-leading manufacturer of advanced paper products developed with intelligent paper technology. Munksjö offers customer-specific innovative design and functionality in areas ranging from flooring, kitchens and furnishings to release papers, consumer-friendly packaging and energy transmission. The transition to a sustainable society is a natural driving force for Munksjö's growth as the products can replace non-renewable materials. This is what "Made by Munksjö" stands for. Given Munksjö's global presence and way of integrating with the customers, the company forms a worldwide service organisation with approximately 2,900 employees and 15 facilities located in France, Sweden, Germany, Italy, Spain, Brazil and China. Munksjö's share is listed on Nasdaq in Helsinki and Stockholm. Read more at www.munksjo.com.