Lehto Group Plc: Lehto continues financing negotiations with the banks
Lehto Group PlcStock exchange release11 March 2022, 6.30 p.m. (EET)Lehto has a Revolving Credit Facility (RCF) with a bank syndicate comprising OP Corporate Bank plc, Nordea Bank plc and Swedbank AB. The RCF is in force until 31 December 2022 and EUR 25.1 million of the facility is in use. No further funds can be withdrawn from the RCF. According to the agreement, some of the credit will be paid back before the end of the contractual period and part of the credit will fall due at the end of the agreement. The agreement includes both partial guarantees and financial covenants on EBITDA,