The financing agreements for the Äänekoski bioproduct mill signed

Metsä Fibre Corporation, part of Metsä Group, has on 10 June 2015 signed the financing agreements for the Äänekoski bioproduct mill project and refinanced its existing EUR 270 million revolving credit facility. The financing for the bioproduct mill project is in total EUR 750 million and consists of several financing arrangements. The new revolving credit facility is EUR 300 million with a maturity date five years from the signing. In addition, the company has signed a EUR 150 million shareholder loan agreement with Itochu Corporation.

The debt financing for the bioproduct mill project consists of a EUR 400 million Finnvera guaranteed loan, EUR 200 million loan from European Investment Bank (EIB), EUR 80 million loan from commercial banks and EUR 70 million loan guaranteed by Swedish export credit agency EKN.

The financing has been coordinated by Nordea. Other lenders, in addition to above, participating in the financing are Danske Bank, DNB Bank, Pohjola Bank, SEB, Swedish Export Credit and Swedbank.

 

 

Return to frontpage