Glaston agreed on long-term financing

Glaston agreed on long-term financing
Photo source
Glaston Corporation
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.

600450 Glaston agreed on long-term financing

See more news about:

Others also read

The pioneer of non-destructive argon measurement - Presenting Sparklike Oy from Finland
Sparklike Oy is the developer and manufacturer of world’s first and only non-destructive insulating glass gas fill analysers for triple- and double-glazed insulating glass units.
Correns Corporation's Mr. Yasuhiko Kojima with Sparklike's CEO  Mr. Miikkael Niemi and Sales Director Mauri Saksala
Few weeks back we were happy to receive three different visits from our distributors to our headquarters in Helsinki.
GPD are looking for partners for the GPD Pub at the Düsserdorf Fair.
 Meriden Hall
Working with Hasker Architects and AGC Glass, Euroview supplied exceptionally flat glass for a contemporary facade office extension to a listed building.
In honour of the 25th glasstec trade fair, and to celebrate the continuous success of their devices, Sparklike is happy to give their Sparklike Handheld™ device to one lucky winner!
GPD 2019 call for papers is now open
The main focus of the Glass Performance Days 2019 is smart cities (smart buildings and glazing) and smart factories.

From industry

Add new comment