Glaston Corporation has today agreed to extend its long-term financing agreement by three years.
The financing agreement consists of a EUR 10.0 million long-term loan as well as a EUR 25.0 million revolving credit facility, which can be used for short-term financing and guarantees. The agreement is for three years and it is valid until 30 June 2020.
The financial covenants used in the financing agreement are gearing (net debt/ equity) and leverage (net debt/EBITDA). The covenants will be monitored quarterly.
The arrangers of the loan are Nordea Bank AB (PUBL), Finnish Branch and OP Corporate Bank plc.