Glaston agreed on long-term financing

Date: 23 June 2017

Photo source

Glaston Corporation

Date: 23 June 2017

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

www.glaston.net

2017-06-23T07:30:00

Glaston agreed on long-term financing glassonweb.com

See more news about:

Finland Glaston

WhatsApp LINKEDIN FACEBOOK X PRINT MORE

Others also read

MORE...

Step Change 2025: Innovation takes the stage in Tampere

The Step Change program once again places bold ideas and fresh thinking at the forefront of the glass industry at GPD 2025.

Glaston takeaways from China Glass

China Glass 2025 highlighted Glaston’s leadership in energy-efficient and automated glass processing technologies, perfectly aligned with China's evolving industry standards.

Experiences on Glaston ScreenMax glass bending furnace at Finn Lamex in Finland

In this video, Tero Toivanen at Finn Lamex, Finland, is sharing his and his team's experiences working with the Glaston ScreenMax glass bending furnace for windshields.

In this interview, Miika Äppelqvist (left) and Marko Mökkönen (right) from Glaston talk about the partnership between the Glass Performance Days (GPD) and glasstec.

Interview with Glaston on the GPD co-operation with glasstec

The cooperation between the GPD and glasstec creates new synergies for the international glass industry. In an interview, Glaston explains how both formats benefit from each other - and what added value this means for the industry.

Miika Äppelqvist appointed as new President and CEO of Glaston Corporation

The Board of Directors of Glaston Corporation has today appointed Miika Äppelqvist as the new President and CEO of Glaston Corporation as of 1 June 2025.