Glaston agreed on long-term financing
Glaston Corporation Investor news 21.6.2017 at 13.20
Glaston agreed on long-term financing
Glaston Corporation has today agreed to extend its long-term financing agreement by three years. The financing agreement consists of a EUR 10.0 million long-term loan as well as a EUR 25.0 million revolving credit facility, which can be used for short-term financing and guarantees. The agreement is for three years and it is valid until 30 June 2020.
The financial covenants used in the financing agreement are gearing (net debt/ equity) and leverage (net debt/EBITDA). The covenants will be monitored quarterly.
The arrangers of the loan are Nordea Bank AB (PUBL), Finnish Branch and OP Corporate Bank plc.
Further information:
Päivi Lindqvist, CFO, Glaston Corporation, tel. +358 10 500 500
Sender:
Glaston Corporation
Agneta Selroos
Communications Director
tel. +358 10 500 6105
Glaston Corporation
Glaston is a frontrunner in glass processing technologies and services. We respond globally to the most demanding glass processing needs of the architectural, solar, appliance and automotive industries. Additionally, we utilize emerging technologies that integrate intelligence and sustainability to glass. We are committed to providing our clients with both the best know-how and the latest technologies in glass processing. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd. Further information is available at www.glaston.net
Distribution: NASDAQ Helsinki, key media, www.glaston.net