Bergs enter into a new loan agreement and secures financing for its strategic focus
Bergs Timber AB (publ) has entered into an agreement with Danske Bank A/S, Denmark, Sweden Branch (“Danske Bank”) and Skandinaviska Enskilda Banken AB (publ) (“SEB”) as lenders regarding, among other things, refinancing of the major part of the Group’s existing loans.The new credit facilities in the total amount of SEK 650 million have a three-year term and include one term loan of SEK 250 million and a revolving loan facility of SEK 400 million. The loan agreement contains customary covenants that, among other things, limit the decision-making for Bergs Timber AB (publ) regarding
Due to continued sharp rise in raw material costs and inflationary indirect costs that can no longer be offset by efficiency gains, Technocell Dekor will adjust prices for its specialty papers with effect from February 15th, 2022.Costs for TiO2, pulp, other chemicals, energy and logistics continue to rise sharply. To compensate for these increases and in addition for the inflationary indirect costs Technocell Dekor will implement price increases of up to 20 EUR/100kg depending on the paper grade, as from February 15th, 2022.
