Nip Impressions logo
Thu, Jun 4, 2020 22:39
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
My Profile
Management Side
Metsä Board signs Euro 150 million financing facility with sustainability targets

FINLAND (News release) -- Metsä Board Corporation, part of Metsä Group, has signed a bank financing facility consisting of a Euro 150 million, five-year term loan and a Euro 200 million, five-year multicurrency revolving credit facility ("RCF") with two one-year extension options and a Euro 50 million accordion option. The margin of the RCF is linked to sustainability criteria that are based on selected Metsä Board's 2030 sustainability targets: reduction in specific water consumption and reduction in specific energy consumption.

The new facility will be used to repay the existing Euro 50 million term loan and to replace the undrawn Euro 150 million revolving credit facility maturing in March 2020.

Nordea acted as coordinator and the other mandated lead arrangers and lenders are Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, DNB Bank ASA, Handelsbanken, OP, SEB and Swedbank.

"Linking the pricing of our financing to sustainability criteria demonstrates the management's strong commitment to reaching our recently announced, very ambitious 2030 sustainability targets," says Jussi Noponen, CFO of Metsä Board.

********** has taken off like a rocket! Over fifty jobs are posted, in many interesting categories. These jobs are in at least ten different US states. [12.19.19]


Employers are on board with There are nearly forty employers located in fifteen different US states and six other countries. [12.19.19]

Printer-friendly format


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: