Tikkurila rearranged its long-term debt financing
Tikkurila Oyj
Stock Exchange Release
June 22, 2015 at 9:00 a.m. (CET+1)
Tikkurila Oyj has entered into a new EUR 150 million long-term revolving credit facility and term loan agreement. This new debt facility agreement consists of EUR 100 million five-year revolving credit facility and EUR 50 million term loan, which matures in January 2021.
The facility agreement includes one covenant, which is based on the gearing ratio of Tikkurila Group. Pohjola Bank, Danske Bank, and Unicredit Bank Austria act as mandated lead arrangers. Pohjola Bank is the coordinator and agent in the transaction.
The money to be borrowed under the new facility will be used to refinance the facilities that the Company agreed and entered into in 2011, as well as for general corporate purposes.
Tikkurila Oyj
Jukka Havia, CFO
For further information, please contact:
Jukka Havia, CFO, mobile +358 50 355 3757, jukka.havia@tikkurila.com
For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life.