Metsäliitto Cooperative signed EUR 560 million syndicated loan agreement
Metsäliitto Cooperative STOCK EXCHANGE RELEASE
METSÄLIITTO COOPERATIVE SIGNED EUR 560 MILLION SYNDICATED LOAN AGREEMENT
Metsäliitto Cooperative has today signed a EUR 560 million syndicated revolving
credit facility agreement. The facility relates to the merger of Finnforest
Corporation to Metsäliitto Cooperative which is planned to be registered on 31
The facility will be used for refinancing existing loans and facilities of
Metsäliitto Cooperative and Finnforest Corporation. The term of the facility is
five years and the mandated lead arrangers are Danske Bank, Handelsbanken, HSH
Nordbank, Nordea and OKO Bank. The number of banks participating in the
transaction is 19.
For additional information contact Metsäliitto Group's Chief Financial Officer
Ilkka Pitkänen, tel. +358 10 469 4260 or Aapo Nikunen, Managing Director, Metsä
Group Financial Services Oy, tel. +358 10 469 4255
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and cooking papers.
Metsä Group’s sales totalled EUR 5.0 billion in 2017, and it employs approximately 9,100 people. The Group operates in nearly 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 104,000 Finnish forest owners.