Group 1 - Suominen Corporation has entered into a EUR 50 million term loan and a EUR 50 million revolving credit facility agreement with a maturity of three years and a one-year extension option [1][2] - The new credit facility replaces the existing EUR 100 million syndicated revolving credit facility [2] - The lenders for the new facility are Danske Bank A/S and Nordea Bank Abp, and it includes leverage ratio and gearing as financial covenants [1] Group 2 - Suominen manufactures nonwovens for wipes and other applications, aiming to be a leader in nonwovens innovation and sustainability [3] - The company's net sales in 2024 were EUR 462.3 million, and it employs over 700 professionals in Europe and the Americas [3] - Suominen's shares are listed on Nasdaq Helsinki [3]
Suominen has signed a credit facility agreement
Globenewswire·2025-07-03 08:00