Metsä Board Corporation has agreed on the extension of its existing syndicated credit facility by two years.
The syndicated facility consisting of a Euro 150 million term loan facility and a Euro 100 million revolving credit facility will after the amendment mature in March 2020.
At the same time the pricing of the facility was amended leading to a decrease in annual financial costs of approximately 0.5 million per annum.
Metsä Board is a leading European producer of folding boxboards and white linerboards made from fresh forest fibres.
