Rottneros Group has signed agreements on debt financing within the framework of the investment program Agenda 500, as the company said in the press release received by Lesprom Network.

The increased funding amounts to a total of SEK 120 million ($13.3 million) and will be used for investments in the Group's two mills. The loans will be repaid within five years and have a variable interest rate.

Loan terms include customary covenants for example in the form of net debt in relation to EBITDA, the equity ratio and certain restrictions on dividend opportunities.

Rottneros is an independent producer of market pulp.

 

Source:lesprom.com

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