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| Tikkurila rearranged its long-term debt financing Tikkurila Oyj has entered into a new EUR 150 million long-term revolving credit facility and term loan agreement. This new debt facility agreement consists of EUR 100 million five-year revolving credit facility and EUR 50 million term loan, which matures in January 2021. The facility agreement includes one covenant, which is based on the gearing ratio of Tikkurila Group. Pohjola Bank, Danske Bank, and Unicredit Bank Austria act as mandated lead arrangers. Pohjola Bank is the coordinator and agent in the transaction. The money to be borrowed under the new facility will be used to refinance the facilities that the Company agreed and entered into in 2011, as well as for general corporate purposes. write your comments about the article :: © 2015 Construction News :: home page |