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2010-05-25 15:20:00 CEST 2010-05-25 15:20:01 CEST REGULATED INFORMATION Salcomp Oyj - Company AnnouncementSALCOMP RENEWED ITS FINANCING ARRANGEMENTSSalcomp Plc Stock Exchange Release 25 May 2010 at 16:20 Finnish time SALCOMP RENEWED ITS FINANCING ARRANGEMENTS Salcomp Plc has today signed an agreement concerning the renewal of the company's financing arrangements. This will amend the current loan arrangements signed in June 2009. The amendments to the loan arrangements improve the Group liquidity and reduce the interest expenses. The syndicated loan of EUR 25 million agreed with Nordea Bank Finland Plc and Merchant Banking, Skandinaviska Enskilda Banken AB (publ) is divided in a EUR 15 million long-term loan and a EUR 10 million long-term revolving credit limit. The loan period is 3 years. The terms and conditions of the Facilities contain market customary covenants and undertakings and security cover respective the group. On 31 May 2010, Salcomp will also repay the capital loan of EUR 3 million agreed in December 2008 and the capital loan of EUR 7 million agreed in June 2009, as well as the interests related to them totaling EUR 1.3 million. The capital loans in accordance with chapter 12 of the Finnish Companies Act were granted by Nordstjernan AB, the majority shareholder of Salcomp. Salcomp Plc Jari Saarinen CFO Further information: Jari Saarinen, CFO, tel. +358 40 500 4206 Markku Hangasjärvi, President and CEO, tel. +358 40 731 0114 Distribution: NASDAQ OMX, Helsinki The main media www.salcomp.com |
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