Lassila & Tikanoja plc has refinanced its long-term debt financing

Core Viewpoint - Lassila & Tikanoja plc has successfully refinanced its long-term debt financing, which includes multiple loan agreements and a revolving credit facility, as part of its strategic financial management and planned partial demerger [1][2][3]. Financing Arrangements - The refinancing includes a EUR 35 million term loan, a EUR 15 million term loan and revolving credit facilities, and a EUR 40 million revolving credit facility, all maturing in the second quarter of 2028 with a two-year extension option [1][2]. - The financing arrangements are structured to include standard financial covenant terms and consider the implications of the company's planned partial demerger [4]. Partial Demerger - The company plans a partial demerger to separate its Circular Economy business into a new publicly listed entity, which involves an EUR 80 million bridge facility to support the outstanding EUR 75 million unsecured notes [3]. - The bridge facility will also cover costs related to the planned partial demerger and will convert into the EUR 35 million term loan as per the loan terms [3]. Company Overview - Lassila & Tikanoja plc operates in the circular economy sector, focusing on maximizing the productive use of materials and energy, thereby creating value for customers and shareholders [5]. - The company employs approximately 7,400 people and reported net sales of EUR 770.7 million in 2024, indicating a strong operational presence in Finland and Sweden [5].