Glaston Corporation has agreed to extend its long-term financing agreement by three years. The financing agreement will be used for refinancing the current financing agreement as well as for general working capital purposes. The financing agreement consists of EUR 32 million long-term loans and a EUR 25 million Revolving Credit Facility. The agreement includes two one-year options for extension of the loan period.
In the loan margin of the financing agreement for the Revolving Credit Facility, the intention is to take into account the achievement of Glaston’s sustainability targets annually. These will be agreed by 30 June 2026.
Nordea Bank Abp and OP Corporate Bank plc. continue as arrangers of the funding.