Pihlajalinna Plc reorganised its long-term debt financing

Pihlajalinna Plc           Stock exchange release           9 March 2018 at 17:15

Pihlajalinna Plc reorganised its long-term debt financing 

On 9 March 2018, Pihlajalinna signed a five-year, EUR 120 million unsecured financing arrangement with Danske Bank and Nordea Bank. The arrangement comprises a revolving credit limit and long-term loan. It also includes an opportunity to increase the total amount by EUR 60 million (to EUR 180 million), subject to separate decisions on a supplementary loan from the funders. The unsecured revolving credit facility that is intended for the group’s general funding needs and acquisitions replaces the unsecured EUR 60 million revolving credit facility, which was signed in September 2015. The financing arrangement includes customary covenants. 

Danske Bank serves as the agent for the loan arrangement. Pihlajalinna’s legal adviser was Castrén & Snellman Attorneys Ltd.  

Further information:
Ville Lehtonen, CFO, +358 40 759 7084

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Pihlajalinna in brief
Pihlajalinna is one of the leading private social and healthcare services providers in Finland. The company serves private individuals, businesses, insurance companies and public sector entities, such as municipalities and joint municipal authorities. In its private clinics and hospitals Pihlajalinna provides general practitioner services, specialised care, emergency and on-call services, a wide range of surgical services, occupational healthcare and dental care. In addition, the company offers innovative social and healthcare service provision models to public sector entities.