Metsä Fibre has signed the financing agreements for the Äänekoski bioproduct mill project and refinanced its revolving credit facility

Metsä Group Press Release 11 June 2015

Metsä Fibre Corporation, part of Metsä Group, has on 10 June 2015 signed the financing agreements for the Äänekoski bioproduct mill project and refinanced its existing EUR 270 million revolving credit facility. The financing for the bioproduct mill project is in total EUR 750 million and consists of several financing arrangements. The new revolving credit facility is EUR 300 million with a maturity date five years from the signing. In addition, the company has signed a EUR 150 million shareholder loan agreement with Itochu Corporation.

The debt financing for the bioproduct mill project consists of a EUR 400 million Finnvera guaranteed loan, EUR 200 million loan from European Investment Bank (EIB), EUR 80 million loan from commercial banks and EUR 70 million loan guaranteed by Swedish export credit agency EKN.

The financing has been coordinated by Nordea. Other lenders, in addition to above, participating in the financing are Danske Bank, DNB Bank, Pohjola Bank, SEB, Swedish Export Credit and Swedbank.

 

METSÄ GROUP
Group Communications

 

For further information, please contact:
Ilkka Hämälä, CEO, Metsä Fibre, tel. +358 (0)10 465 5026

  

www.metsagroup.com

Metsä Group is a responsible forest industry group whose products’ main raw material is wood from northern, sustainably managed forests. Metsä Group focuses on tissue and cooking papers, fresh forest fibre paperboards, pulp, wood products, and wood supply and forest services. Its high-quality products combine renewable raw materials, customer-orientation, sustainable development and innovation. Metsä Group’s sales totalled EUR 5 billion in 2014, and it employs approximately 10,500 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 122,000 Finnish forest owners.

 

www.metsafibre.com

Metsä Fibre is a world-leading producer of softwood pulp and its main brand is Botnia. Our products – sustainably and cost-efficiently produced softwood and birch pulp – are specially developed for the production of high-quality tissue and writing papers, speciality products, and board. With four pulp mills in Finland, we employ a total of about 850 people. Our sales in 2014 were approximately EUR 1.3 billion. Metsä Fibre is part of Metsä Group.

About Us

Metsä Fibrewww.metsafibre.com Metsä Fibre is a leading producer of bioproducts and bioenergy. The company’s pulp brand is Botnia and the sawn timber brand is Metsä Nordic Timber. The company’s bleached softwood and birch pulp grades have been developed for the production of high-quality board, tissue and printing paper and speciality products. The main applications for spruce and pine sawn timber are products for construction and interior decoration as well as window and door joinery and raw material for packaging industry. Currently employing approximately 1 200 people, the company’s sales totalled EUR 1.4 billion in 2016. Metsä Fibre is part of Metsä Group.

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