Changes to Fiskars’ revolving credit facilities

Fiskars Corp.    Stock Exchange Release     December 4, 2014 at 13:30 EET

Fiskars and its financers have agreed that the total sum of the corporation’s binding revolving credit facilities is reduced from EUR 480 million to EUR 300 million as follows:

• The revolving credit facilities of EUR 100 million signed with Skandinaviska Enskilda Banken on August 10, 2011, is reduced to EUR 60 million with a five year tenor from the date of the revised contract.
• The revolving credit facilities of EUR 80 million agreed with Pohjola Bank Plc on November 15, 2012, is reduced to EUR 60 million with a five year tenor from the date of the revised contract.
• The three EUR 100 million revolving credit facilities agreed with: Nordea Bank Finland Plc on December 17, 2013; Danske Bank A/S, Helsinki Branch, on December 19, 2013; and with Svenska Handelsbanken AB (publ), Branch Operation in Finland, signed on June 23, 2014, are each reduced to EUR 60 million.

After the revisions the total sum of the binding revolving credit facilities is EUR 300 million, of which EUR 120 million is due in 2018 and EUR 180 million in 2019. All revolving credit facilities are currently unused.

FISKARS CORPORATION

Kari Kauniskangas
President and CEO


For more information, please contact:
Communications Director, Anu Ilvonen, tel. +358 204 39 5446


Fiskars 365 – celebrating centuries of pride, passion and design. Every day.
Established in 1649 as an ironworks in a small Finnish village, Fiskars has grown to be a leading global supplier of consumer products for the home, garden and outdoors. Available in more than 60 countries, Fiskars products solve everyday problems, making daily home, garden and outdoor projects easier and more enjoyable through superior performance and design. Fiskars is listed on NASDAQ OMX Helsinki, and in 2013 the company’s net sales were EUR 799 million. The Group’s key international brands are Fiskars, Iittala and Gerber. www.fiskarsgroup.com/365