Tikkurila Oyj signs EUR 160 million term loan and revolving credit facilities agreement

Tikkurila Oyj, Stock Exchange Release, November 5, 2019 at 5:00 p.m. (CET+1)  

Tikkurila Oyj signs EUR 160 million term loan and revolving credit facilities agreement 

Tikkurila Oyj has today entered into a new EUR 100 million revolving credit facility and a EUR 60 million term loan. The facilities will be used for general corporate purposes and refinances the company’s existing EUR 150 million term and revolving credit facility dated June 18, 2015. The facilities carries a tenor of five years and includes a one-year extension option.   

The facility agreement has one financial covenant based on Tikkurila Group’s gearing.  

Skandinaviska Enskilda Banken AB (SEB) was the sole Coordinating Mandated Lead Arranger and Bookrunner in the process. SEB will also act as Facility Agent. Danske Bank A/S and UniCredit Bank Austria AG also joined the facilities as Mandated Lead Arrangers and Bookrunners.    

Tikkurila Oyj  

For further information, please contact:  

Tapio Pesola
Director, Communications & IR
Tel. +358 44 373 4693, ir.tikkurila@tikkurila.com  

Sustainable Nordicness
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in around ten countries and our 2,700 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2018, our revenue totaled EUR 562 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862. 

www.tikkurilagroup.com