Suominen Has Signed A Credit Facility Agreement

2025-07-03 04:01:10

(MENAFN- GlobeNewsWire - Nasdaq) Suominen Corporation's press release on July 3, 2025 at 11:00 a.m. (EEST)

Suominen has entered into a single-currency syndicated credit facility agreement which consists of EUR 50 million term loan and EUR 50 million revolving credit facility with a maturity of three years with a one-year extension option. The lenders for the facility are Danske Bank A/S and Nordea Bank Abp. The new credit facility includes leverage ratio and gearing as financial covenants.

The new credit facility replaces the existing EUR 100 million syndicated revolving credit facility agreement of Suominen provided by Danske Bank A/S and Nordea Abp.

SUOMINEN CORPORATION
For more information: Janne Silonsaari, CFO and interim President & CEO, tel. +358 (0)50 409 9264

Suominen manufactures nonwovens as roll goods for wipes and other applications. Our vision is to be the frontrunner for nonwovens innovation and sustainability. The end products made of Suominen's nonwovens are present in people's daily life worldwide. Suominen's net sales in 2024 were EUR 462.3 million and we have over 700 professionals working in Europe and in the Americas. Suominen's shares are listed on Nasdaq Helsinki. Read more at .

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