HKScan Corporation has agreed on new EUR 174.3 million bank facilities as planned
HKScan Corporation Inside information 15 July 2019, 17.00 EEST
HKScan Corporation has agreed on new EUR 174.3 million bank facilities as planned
HKScan Corporation ("HKScan" or the "Company") has as previously announced agreed on new bank facilities with its financing banks. As disclosed in the stock exchange release concerning the directed share issue on 31 May 2019, the Company had on 29 May 2019 received loan commitments from its financing banks to replace its then existing standby lines of credit and fixed-term facility agreements, maturing partly in 2020 and 2021.
The Company has today agreed with its financing banks on such replacing arrangements in the form of a new EUR 100 million stand-by line of credit maturing at the end of 2021 and a new EUR 74.3 million fixed-term facility agreement maturing at the end of 2021, totalling EUR 174.3 million.
HKScan Corporation
Board of Directors
For more information please contact: HKScan Media Service Desk +358 10 570 5700 or by email to: communications@hkscan.com
HKScan is a Nordic meat and meals company. We employ nearly 7 200 professionals in striving to serve the world's most demanding consumers, maintaining quality throughout the full chain of operations, From Farm to Fork. HKScan produces, markets and sells high-quality, sustainably produced pork, beef, poultry and lamb products, as well as charcuterie and meals, with strong consumer brands, including HK®, Scan®, Rakvere®, Kariniemen®, Rose®, Pärsons® ja Tallegg®. Our customers are the retail, food service, industrial and export sectors, and our home market comprises Finland, Sweden, Denmark and the Baltics. We export to close to 50 countries. In 2018, HKScan had net sales of EUR 1.7 billion.
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