Metsä Board prepays €150M term loan of its syndicated credit facility; original maturity date of loan was June 30, 2014
December 2, 2013
– Metsä Board Corporation has today prepaid the EUR 150 million term loan of its syndicated credit facility that took effect on 1 April 2013. The agreed original maturity date of the loan was 30 June 2014. The prepayment does not have an effect on neither the EUR 350 million term loan maturing on 31 March 2016 nor the EUR 100 million undrawn revolving credit facility maturing on 2 May 2015, both also parts of the above mentioned syndicated credit facility.
Metsä Board has concurrently drawn a EUR 75 million, 7-year amortizing pension premium loan and a EUR 50 million bank loan, which consists of a EUR 18 million loan maturing in January 2017 and a EUR 32 million loan maturing in November 2015. The latter loan includes an extension option until January 2017.