Oriola-KD has signed an agreement on new financing arrangements
15.5.2013
Oriola-KD Corporation Stock Exchange Release 15 May 2013 at 3.30 p.m.
Oriola-KD has today signed approximately EUR 280 million revolving credit and
term loan facility agreement with four banks. The new facility agreement will be
utilized to refinance the EUR 100 million revolving credit facility maturing
April 2014 and to finance the acquisition of the Medstop pharmacy chain.
Financial covenants of the facility are based on the ratio between Oriola-KD's
net debt and EBITDA and its gearing ratio.
The revolving credit facility is split into a EUR 100 million five year and a
EUR 20 million three year facilities. Swedish crown denominated approximately
EUR 160 million amortized term loan facility will mature three years after
signing of the facility.
Danske Bank A/S, Nordea Bank Finland PLC, Pohjola Bank PLC and Skandinaviska
Enskilda Banken AB (publ) were acting as Mandated Lead Arrangers. Danske Bank
A/S acted as the coordinator and agent in the facility.
Oriola-KD Corporation
Oriola-KD Corporation
Tuomas Itkonen
CFO
Joni Ihantola
Vice President, Treasury and IR
For further information, please contact:
Joni Ihantola
Vice President, Treasury and IR
tel. +358 10 429 4386
email: joni.ihantola@oriola-kd.com
Distribution:
NASDAQ OMX Helsinki Ltd.
Key media
Released by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo
www.oriola-kd.com
[HUG#1702130]