Rottneros refinances existing sustainability linked long-term facilities
As before, the loan agreement includes a sustainability link, which means that the interest rate terms are linked to some of the environmental and work environment criteria in the Group's long-term targets. The link is part of Rottneros' continuous focus on sustainable development.
The facilities and the loan agreement have a maturity of two years, with a one-year extension option. The interest rate for both the term loan facility and any revolving credits used under the loan agreement is based on STIBOR 3 months plus interest margin.
The revolving credit facility will be used for general corporate purposes when needed. The previous loan agreement included a term loan facility of 150 million SEK and a revolving credit facility of up to 100 million SEK.
For further information, please contact:
Monica Pasanen, CFO, Rottneros AB, +46 (0)270 622 70, email@example.com