Valmet has successfully closed the syndication of the merger financing arrangement
Valmet Oyj's press release on October 20, 2021 at 5:30 p.m. EEST
Valmet has successfully closed the syndication regarding the EUR 350 million term loan facilities that were signed on July 2, 2021.
The term loan facilities will be used to refinance part of the existing indebtedness of Valmet and Neles in connection with the merger. The execution of the merger is still subject to, inter alia, obtaining necessary merger control approvals by the relevant competition authorities.
Danske Bank A/S and Nordea Bank Abp acted as Underwriting Mandated Lead Arrangers and Bookrunners for the facilities while Bank of America, BNP Paribas, Citi, Credit Agricole Corporate & Investment Bank, OP Corporate Bank, SEB and Standard Chartered joined the facilities as Mandated Lead Arrangers. Danske Bank A/S is acting as Agent.
Further information, please contact:
Reetta Antila, Vice President, Treasury, tel. +358 50 599 3114
Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.
Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.
Valmet's net sales in 2020 were approximately EUR 3.7 billion. Our 14,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.
Read more www.valmet.com, www.twitter.com/valmetglobal
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