Suominen extends the maturity of its revolving credit facility by one year
Suominen Corporation’s press release on May 31, 2021 at 1:00 p.m. (EEST)
Suominen signed in July 2020 a syndicated revolving credit facility agreement of EUR 100 million with a maturity of three years with two one-year extension options. Suominen has now agreed on the utilization of the first option, extending the maturity of the facility to July 2024. The extension further strengthens the excellent liquidity position of Suominen. The facility is undrawn as of May 31, 2021.
For more information: Toni Tamminen, CFO, tel. +358 (0)10 214 3051
Suominen manufactures nonwovens as roll goods for wipes and other applications. Our vision is to be the frontrunner for nonwovens innovation and sustainability. The end products made of Suominen’s nonwovens are present in people’s daily life worldwide. Suominen’s net sales in 2020 were EUR 458.9million and we have nearly 700 professionals working in Europe and in the Americas. Suominen’s shares are listed on Nasdaq Helsinki. Read more at www.suominen.fi.