Tikkurila €150 million refinancing

Overview:

• Tikkurila, a Finnish listed company in the paint industry, has entered into a new €150 million long-term revolving credit facility.
• The financing is made up of a term loan agreement consisting of a €100 million five-year multicurrency revolving credit facility and a €50 million term loan.
• The proceeds of the facility will be used to refinance Tukkurila's existing facilities and for general corporate purposes.
• Pohjola Bank, Danske Bank and UniCredit acted as arrangers and bookrunners.
• This was one of the larger investment grade and corporate refinancing deals in Finland in 2015.

Wai Yee Tsang - Journalist