Tikkurila rearranged its long-term debt financing

Tikkurila Oyj
Stock Exchange Release
June 22, 2015 at 9:00 a.m. (CET+1)

Tikkurila Oyj has entered into a new EUR 150 million long-term revolving credit facility and term loan agreement. This new debt facility agreement consists of EUR 100 million five-year revolving credit facility and EUR 50 million term loan, which matures in January 2021.

The facility agreement includes one covenant, which is based on the gearing ratio of Tikkurila Group. Pohjola Bank, Danske Bank, and Unicredit Bank Austria act as mandated lead arrangers. Pohjola Bank is the coordinator and agent in the transaction.

The money to be borrowed under the new facility will be used to refinance the facilities that the Company agreed and entered into in 2011, as well as for general corporate purposes.

Tikkurila Oyj
Jukka Havia, CFO

For further information, please contact:
Jukka Havia, CFO, mobile +358 50 355 3757, jukka.havia@tikkurila.com

For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life.


About Us

Sustainable NordicnessTikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in around ten countries and our 3,000 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2017, our revenue totaled EUR 582 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862. www.tikkurilagroup.com