EUR 50 million bond
Stock exchange release: Suominen issues EUR 50 million bond
Listing prospectus (pdf)
Bond guarantee (pdf)
New credit facility
Suominen has entered into a single-currency syndicated revolving credit facility agreement of EUR 100 million with a maturity of three years with two one-year extension options. The lenders for the facility are Danske Bank A/S, Finland Branch and Nordea. The new credit facility includes leverage ratio and gearing as financial covenants.
The margin of the facility will increase or decrease dependent on Suominen meeting two sustainability key performance indicators (“KPI”), namely:
- Increase in the sales of sustainable products
- Reduction of greenhouse gas emissions
The new credit facility replaces the existing EUR 100 million syndicated revolving credit facility agreement of Suominen provided by Nordea and Svenska Handelsbanken AB (publ), Branch Operation in Finland as the lenders.
EUR 85 million bond
Suominen Corporation issues a senior unsecured bond of EUR 85 million. The bond matures on 3 October 2022, it carries a fixed annual interest at the rate of 2.50 percent and has an issue price of 100.00 percent. The proceeds from the bond offering will be partially used for the partial repurchase of Suominen Corporation’s unsecured EUR 75 million, 4.375 percent fixed-rate notes due 2019 (ISIN: FI4000108576), and the remaining proceeds may be used for general corporate purposes.
Suominen will apply for the listing of the bond on Nasdaq Helsinki Ltd. The Finnish Financial Supervisory Authority has approved the listing prospectus of the bond and it is available as a pdf file through the link provided below.
The prospectus or the information therein may not be downloaded or distributed, directly or indirectly, for persons residing in United States, Canada, Australia, Singapore, Hong Kong, Japan, New Zealand, South Africa or any other jurisdiction in which the distribution or release would be unlawful. Click here to accept the terms and start dowloading the prospectus (pdf file).