Glaston Concludes EUR 74 Million Revolving Credit Facility Agreement

The loan period is two years, with an option of a one-year extension period subject to agreement between the parties. It is intended to cover the Corporation's general financing requirements and the repayment of earlier, bilateral arrangements.
 
The agreement includes covenants and borrower obligations in line with market practices. In addition, the terms of the agreement set restrictions on dividendpayments. Dividend payment is thereby conditional on Glaston's gearing, which may not exceed 80% before or after any dividend payment. These restrictions do not apply to statutory dividends.                                              
 
Pohjola Bank will function as the mandated lead arranger for the agreement, with Sampo Bank and Nordea as the arrangers.