Componenta has signed a standstill agreement with Nordic lenders

Componenta announced on 4 December 2015 that the company has commenced negotiations relating to its Nordic syndicated loan agreement, as the company is not in compliance with certain terms of the agreement. Componenta has today signed a so called standstill agreement with the Nordic counterparties of the syndicated loan, according to which the lenders will relieve Componenta from complying with the above mentioned loan terms for a fixed period. The agreement will apply until end of April 2016 and it contains typical terms for such agreements that the company has to fulfill for the duration of the agreement.

Helsinki, 30 December 2015

COMPONENTA CORPORATION
 

Markku Honkasalo
CFO

For further information, please contact:

Markku Honkasalo
CFO
tel. +358 50 598 8728

Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 495 million in 2014 and its share is listed on Nasdaq Helsinki. The Group employs approx. 4,250 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.