Rettig Group signs new 110 MEUR 5-year revolving credit facility
Rettig Group has signed a new 5-year euro denominated revolving credit facility for 110 million.
The facility is primarily a back-up facility and refinances the 80 million euro revolving credit facility dated 30 June 2010 as well as two existing bilateral facilities amounting to 30 million euro.
The following banks participated in the facility (alphabetical order): Danske Bank A/S, Helsinki Branch, as coordinator and mandated lead arranger as well as Nordea Bank Finland Plc, Pohjola Bank Plc and Skandinaviska Enskilda Banken AB (publ) as mandated lead arrangers. Danske Bank A/S acts as agent.
Rettig Group’s VP Corporate Finance and Development, Tomas von Rettig said:
"We are very pleased with the terms of the new credit facility and the confidence that our banks have shown us. The facility is part of our liquidity back-up and increases Rettig Group’s financial flexibility."
For further information please contact:
Tomas von Rettig, Vice President Corporate Finance and Development:
Tel. +358 (0)09 6188 3226, email@example.com or www.rettig.fi
Rettig Group is a Finnish family business that creates value for generations through sustainable and long-term growth. In all our businesses we focus on leading positions on selected markets and more customer value with less environmental impact. Today Rettig Group owns Rettig ICC – Europe's leading supplier of heat emitters and indoor climate comfort; Nordkalk – Northern Europe’s leading supplier of limestone-based products for industry, agriculture and environmental care; and Bore – the industrial shipping service provider. In 2012, Rettig Group’s turnover was about 970 million euro and the group had about 4400 employees in 25 countries.