Suominen considers to issue a bond as part of its refinancing plans
Helsinki, Finland, 2014-09-04 12:00 CEST (GLOBE NEWSWIRE) --
Suominen Corporation Stock Exchange Release 4 September 2014 at 1.00pm (EEST)
SUOMINEN CONSIDERS TO ISSUE A BOND AS PART OF ITS REFINANCING PLANS
As part of its plans to diversify and extend its existing financing, Suominen, a global supplier of nonwovens, is considering an issuance of a senior unsecured fixed rate bond. The potential issue is estimated to be launched in near future, however subject to the market environment.
Subject both to the company’s final decision to issue the bond and to the completion of the potential issue in accordance with the company’s anticipations, Suominen intends to apply for the listing of the bond on NASDAQ OMX Helsinki.
Nordea Markets and Pohjola Markets would act as Arrangers and Lead Managers for the transaction.
Nina Kopola, President & CEO
For additional information, please contact Tapio Engström, Senior Vice President and CFO, tel. +358 (0)10 214 300
Suominen in brief
Suominen manufactures nonwovens as roll goods for wipes as well as for medical and hygiene products. The end products made of Suominen’s nonwovens - wet wipes, feminine care products and swabs, for instance - bring added value to the daily life of consumers worldwide. Suominen is the global market leader in nonwovens for wipes and employs approximately 600 people in Europe and in the Americas. Suominen’s net sales in 2013 amounted to MEUR 373.7 and operating profit excluding non-recurring items to MEUR 19.4 (continuing operations). The Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read more at www.suominen.fi.
NASDAQ OMX Helsinki Ltd