Meda strengthens the financial headroom

Meda has signed an agreement with SEK (The Swedish Export Credit Corporation) for a five-year bond loan of approximately 4 300 MSEK. The bond loan is issued under a guarantee from EKN (The Swedish Export Credit Guarantee Board). Danske Bank and SEB have also issued guarantees. The proceeds will be used to refinance the bridge facility of 2 500 MSEK from autumn of 2008. The excess amount will strengthen Meda’s financial headroom. The new loan facility doubles Meda’s average debt maturity from one and a half to three years.