New long-term credit facility of EUR 90 million for Componenta

Componenta has signed a new syndicated credit facility of EUR 90 million. The facility, valid until 30 June 2015, replaces the Group’s present credit facility. The new financing arrangement will clarify and stabilize Componenta’s financing as it is based on financing arrangement provided by three Nordic banks instead of seven European and Nordic banks previously.

In the new credit facility Nordea Bank Finland Plc, Pohjola Bank Plc, and Swedbank AB (publ.) are participating as lenders for EUR 90 million and Finnvera Plc as guarantor for EUR 15 million. 

Due to the new credit facility Componenta will write down as one-time item EUR 1.7 million which is related to remaining part of the periodized arrangement fees of previous long-term financing arrangement. The write down will take place during final quarter of the year 2012. New credit facility is estimated to have a positive impact on Componenta’s financial costs in long term.

Helsinki, 12 October 2012
 

COMPONENTA CORPORATION
   

Heikki Lehtonen
President and CEO

For further information, please contact:

Heikki Lehtonen
President and CEO
tel. +358 10 403 2200

Mika Hassinen
CFO
tel. +358 10 403 2723

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 576 million in 2011 and its share is listed on the NASDAQ OMX Helsinki. The Group employs approx. 4,700 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.