Tornator secures €450 million bank loan financing arrangement to refinance debt maturing in 2026 and to strengthen investment capacity

Financing Arrangement - Tornator Oyj has secured a €450 million bank loan financing arrangement to refinance debt maturing in 2026 and to enhance its investment capacity [1][2] - The financing includes a €200 million term loan with a five-year maturity and a €250 million term loan with a longer availability period, alongside a €200 million undrawn secured revolving credit facility [2] Debt Management - The €200 million term loan will be utilized for early prepayment of a €50 million bank loan maturing in June 2026 and to repay commercial papers related to forest asset acquisitions [1] - The €250 million term loan and the €200 million RCF will ensure the repayment of a €350 million green bond maturing in October 2026, with a maturity for these loans set in 2029 [2] Company Overview - Tornator is a leader in sustainable forestry in Europe, owning forests in Finland, Estonia, and Romania, with a turnover of approximately €213 million in 2024 and a balance sheet value of about €3.8 billion [4] - The company employs around 190 people directly, with a total of approximately 1,600 full-time equivalents (FTE) when including other companies working on its forestland [4] - Tornator's ownership primarily consists of Finnish institutional investors, and its mission focuses on generating sustainable well-being from forests [4] Credit Rating - Moody's has assigned a Baa3 senior secured rating to Tornator with a stable outlook [3]