Suominen Corporation has signed a EUR 66 million syndicated loan agreement to be used in refinancing the Company's current bank debts.
The loan agreement consists of two tranches; a five-year Amortizing Term Loan Facility of EUR 40 million and a three-year Revolving Credit Facility of EUR 26 million. Mandated Lead Arranger is Sampo Bank and other Arrangers are Pohjola and Nordea.
Suominen has also agreed on a seven-year pension loan of EUR 4 million with Ilmarinen Mutual Pension Insurance Company. The loan is guaranteed by Garantia Insurance Company.
The loans are secured.
Tampere, 9 December 2008
Vice President, CFO
For additional information, please contact Mr. Arto Kiiskinen, Vice President, CFO, tel. +358 (0)10 214 300.