Glaston concludes EUR 74 million revolving credit facility agreement
GLASTON CORPORATION Stock Exchange Release 20th November 2009 at 2.15 p.m.
Glaston concludes EUR 74 million revolving credit facility agreement Today, Glaston Corporation has signed a EUR 74 million revolving credit facility agreement with its core banks. This loan will supersede the arrangements of a corresponding size made earlier with the same banks. The loan period is two years, with an option of a one-year extension period subject to agreement between the parties. It is intended to cover the Corporation's general financing requirements and the repayment of earlier, bilateral arrangements. The agreement includes covenants and borrower obligations in line with market practices. In addition, the terms of the agreement set restrictions on dividend payments. Dividend payment is thereby conditional on Glaston's gearing, which may not exceed 80% before or after any dividend payment. These restrictions do not apply to statutory dividends. Pohjola Bank will function as the mandated lead arranger for the agreement, with Sampo Bank and Nordea as the arrangers. Further details: Kimmo Lautanen, CFO, Glaston Corporation, tel. +358 (0)10 500 6419. Submitted by: Glaston Corporation Agneta Selroos IR and Corporate Communications Manager Tel. +358 (0)10 500 6105 Glaston Corporation Glaston Corporation is a growing, international glass technology company. Glaston is the global market leader in glass processing machines, and a comprehensive One-Stop-Partner supplier to its customers. Its product range and service network are the widest in the industry. Glaston's well-known brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines, and Albat+Wirsam in glass industry software. Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Mid Cap List. www.glaston.net Distribution: OMX, Main media, www.glaston.net