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    ALMA   FI0009013114

ALMA MEDIA OYJ

(ALMA)
  Report
Delayed Quote. Delayed Nasdaq Helsinki - 01/21 11:29:47 am
10.56 EUR   -2.94%
11:31aALMA MEDIA CORPORATION : Share repurchase 21.1.2022
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01/20ALMA MEDIA CORPORATION : Share repurchase 20.1.2022
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01/19ALMA MEDIA CORPORATION : Share repurchase 19.1.2022
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Alma Media signs a new EUR 230 million long-term financing arrangement

12/02/2021 | 07:01am EST

Alma Media Corporation        Stock Exchange Release           December 2, 2021

ALMA MEDIA SIGNS A NEW EUR 230 MILLION LONG-TERM FINANCING ARRANGEMENT

Alma Media has today signed a new EUR 200 million Term Loan financing facility. It will replace the Bridge loan financing for mergers and acquisitions that has been in place. The new financing facility will have a tenor of 36 months.

In addition, the new funding arrangement includes a EUR 30 million revolving credit facility (RCF). The facility will be used for general corporate purposes and has a tenor of four years. At the time of publication of this release, the credit line is completely undrawn.

The agreements of the Term Loan financing and revolving credit facilities were concluded with a syndicate consisting of three commercial banks (OP Corporate Bank, Danske Bank and Nordea Bank). OP Corporate Bank acted as coordinator for the financing arrangement.

"We have carried out a significant number of acquisitions this year. This has naturally affected our financial position and increased our gearing ratio, which was 132 per cent at the end of third quarter. At the announcement of our Q3 earnings, we reported that our financial position strengthened during the quarter as planned and our solvency improved thanks to our good profit performance and strong cash flow. We also informed that Alma Media would convert the existing temporary bridge financing agreement facility into long-term financing before the end of the year.", says Juha Nuutinen, Chief Financial Officer at Alma Media.

Alma Media Corporation 

More information: 

Juha Nuutinen, CFO, Alma Media, +358 10 665 3873

Distribution: Nasdaq Helsinki, main media, www.almamedia.com

Alma Media in brief

Alma Media is a digital service business and media company with a strong capacity for renewal. We are building sustainable growth from media to services, providing content and services that benefit users in their everyday lives, work and leisure time. In Finland, our best-known brands  include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com and Nettiauto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.

In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for professionals and businesses. Alma Media's international business in Eastern Central Europe,  Sweden and the Baltic countries consists of recruitment services, an online marketplace for commercial properties and direct marketing services.

Alma Media operates in 11 countries in Europe and employs approximately 1,500 professionals. Alma Media's revenue from continuing operations was EUR 230.2 million in 2020. Alma Media's share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.

https://news.cision.com/alma-media/r/alma-media-signs-a-new-eur-230-million-long-term-financing-arrangement,c3465058

https://mb.cision.com/Main/11209/3465058/1504872.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

All news about ALMA MEDIA OYJ
11:31aALMA MEDIA CORPORATION : Share repurchase 21.1.2022
AQ
01/20ALMA MEDIA CORPORATION : Share repurchase 20.1.2022
AQ
01/19ALMA MEDIA CORPORATION : Share repurchase 19.1.2022
AQ
01/18ALMA MEDIA CORPORATION : Share repurchase 18.1.2022
AQ
01/17ALMA MEDIA CORPORATION : Share repurchase 17.1.2022
AQ
01/14ALMA MEDIA CORPORATION : Share repurchase 14.1.2022
AQ
01/13ALMA MEDIA CORPORATION : Share repurchase 13.1.2022
AQ
01/12ALMA MEDIA CORPORATION : Share repurchase 12.1.2022
AQ
01/11ALMA MEDIA CORPORATION : Share repurchase 11.1.2022
AQ
01/10ALMA MEDIA CORPORATION : Share repurchase 10.1.2022
AQ
More news
Financials
Sales 2021 273 M 310 M 310 M
Net income 2021 45,7 M 51,9 M 51,9 M
Net Debt 2021 207 M 235 M 235 M
P/E ratio 2021 20,2x
Yield 2021 3,00%
Capitalization 894 M 1 014 M 1 015 M
EV / Sales 2021 4,03x
EV / Sales 2022 3,71x
Nbr of Employees 1 874
Free-Float 35,1%
Chart ALMA MEDIA OYJ
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Technical analysis trends ALMA MEDIA OYJ
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 10,88 €
Average target price 13,30 €
Spread / Average Target 22,2%
EPS Revisions
Managers and Directors
Kai Telanne President & Chief Executive Officer
Juha Nuutinen Chief Financial Officer & Manager-Accounting
Jorma Jaakko Ollila Chairman
Catharina von Stackelberg-HammarÚn Independent Director
Petri Kalervo Niemisvirta Deputy Chairman
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