Metsä Board prepays €150M term loan of its syndicated credit facility; original maturity date of loan was June 30, 2014

Mathew Kearney

Mathew Kearney

Dec 2, 2013 – Metsa Board Corp.

ESPOO, Finland , December 2, 2013 (press release) – 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.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.