HKScan Corporation agreed on a new bank facility to repay a bond maturing in September 2022

HKScan Corporation, Stock Exchange Release, 20 June 2022 at 2.30 p.m.

HKScan Corporation agreed on a new bank facility to repay a bond maturing in September 2022

HKScan Corporation has agreed on a new EUR 39.5 million unsecured bank facility to repay a bond maturing in September 2022. In September 2017, the company issued a EUR 135.0 million 2.625 per cent fixed-rate, unsecured and senior bond maturing on 21 September 2022 (FI4000278536) with a current outstanding amount of EUR 39,516,000.

HKScan has agreed with its financing banks on a EUR 39.5 million facility agreement maturing in April 2024 and thus secured financing to repay the bond. The bond will be repaid on its maturity date on 21 September 2022. 

HKScan Corporation

Heidi Hirvonen
SVP Communications
tel. +358 10 570 6072

Further enquiries:
CFO Jyrki Paappa, tel. +358 10 570 2512

At HKScan, we make life tastier – today and tomorrow. Our strategic target is to grow into a versatile food company. Our responsibly produced, delicious products are part of consumers’ varied food moments – both every day and on special occasions. We have some 7,000 HKScan professionals applying more than 100 years of experience to make locally produced food. For us at HKScan, responsibility means continuous improvements and concrete actions throughout the food chain. As part of our Zero Carbon programme, we are targeting a carbon-neutral food chain from farms to consumers by the end of 2040. Our home markets cover Finland, Sweden, Denmark and the Baltics. Our strong product brands include HK®, Kariniemen®, Via®, Scan®, Pärsons®, Rose™, Rakvere® and Tallegg®. Through our strategic partnerships, we are also known for Kivikylän®, Tamminen® and Boltsi brands. HKScan is a publicly listed company, and in 2021, our net sales totalled over EUR 1.8 billion.

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www.hkscan.com