Glaston Concludes EUR 74 Million Revolving Credit Facility Agreement

Date: 23 November 2009
Source: Glaston
Today, Glaston Corporation has signed a EUR 74 million revolving credit facility agreement with its core banks. This loan will supersede the arrangements of a corresponding size made earlier with the same banks.

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.  

600450 Glaston Concludes EUR 74 Million Revolving Credit Facility Agreement

See more news about:

Others also read

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.
From the left: Rob Carlson, Tristar Glass, Hamed Tabatabaei, Glaston and Tim Kelley, Tristar Glass
Tristar Glass improves quality and minimizes remakes.
Glaston participating in Finland’s first industry-oriented machine learning project
Launched within the framework of DIMECC Oy's LIFEX programme, the MIDAS project, which focuses on artificial intelligence, is Finland's first machine learning project in industry.
Glaston continues to defend its Intellectual Property Rights against Northglass
In year 2012, Glaston initiated a process against Shanghai Northglass Technology & Industry Co. Ltd. and its distributor in Germany for patent violations relating to one of Glaston’s bending and tempering technologies.

Add new comment