Rettig Group signs a syndicated revolving facility agreement of EUR 80 million
Rettig Group has today signed a syndicated revolving credit facility agreement amounting to EUR 80 million with a maturity of four years. The facility is the first syndicated transaction for Rettig Group. The proceeds will be used for general corporate purposes and will secure the company’s mid term funding needs. The mandated lead arrangers of the loan facility are Nordea Bank, Pohjola Bank and Sampo Bank. Pohjola Bank acts as coordinator and facility agent. For more information, please contact: Leif Söderström, Group Treasurer, tel. +358 40 501 0930 Rettig is a group of Finnish family owned companies focusing on three core business areas: Rettig ICC (radiators for hydronic and electrical heating, indoor climate regulation), Bore (shipping) and Tarkala (real-estate development and rental). The net sales in 2009 amounted to EUR 572 million. Rettig employs 3,500 persons in 20 countries. There are 15 production plants in 11 countries.