Metsä Board Corporation agrees on the extension of its syndicated credit facility
Metsä Board Corporation Stock Exchange Release on 10 June 2016 at 12.00 EET
Metsä Board Corporation, part of Metsä Group, has agreed on the extension of its existing syndicated credit facility by two years. The syndicated facility consisting of a EUR 150 million term loan facility and a EUR 100 million revolving credit facility will after the amendment mature in March 2020. At the same time the pricing of the facility was amended leading to a decrease in annual financial costs of approximately 0.5 million per annum.
METSÄ BOARD CORPORATION
For further information, please contact:
Markus Holm, CFO, tel. +358 (0)10 465 4913
Katri Sundström, Vice President, Investor Relations, tel. +358 (0) 400 976333
Metsä Board is a leading European producer of folding boxboards and white linerboards made from fresh forest fibres. Its lightweight paperboards are developed as the perfect fit for consumer goods, retail-ready and food service packaging. The pure fresh forest fibres Metsä Board uses are a renewable resource, traceable to origin in northern forests.
The global sales network of Metsä Board supports customers worldwide, including brand owners, converters and merchants. In 2015, the company’s sales totalled EUR 2.0 billion, and it has approximately 2,600 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.