Suominen Yhtymä - Company Announcement

Suominen arranges a new syndicated credit facility

Tampere, 2011-06-28 14:00 CEST (GLOBE NEWSWIRE) -- SUOMINEN CORPORATION   
STOCK EXCHANGE RELEASE 28 JUNE 2011 AT 3 P.M. 


Suominen arranges a new syndicated credit facility

Suominen has restructured its EUR 44 million syndicated credit facility by
extending the maturity of the financing. Under the amended credit terms the
repayment of EUR 15 million due at the end of June has been prolonged to take
place in three quarterly payments beginning in January 2012. 

Suominen aims to improve its balance sheet position by reducing debt with
financial institutions. For that reason, the credit terms include a provision
stating that Suominen aims to seek capital market financing in the course of
2011. The company strives to further improve its balance sheet position through
the divestment of non-key assets and business operations. 


Tampere, 28 June 2011


SUOMINEN CORPORATION

Petri Rolig
President and CEO


For additional information, please contact
Mr. Petri Rolig, President and CEO, tel. +358 (0)10 214 300
Mr. Arto Kiiskinen, Vice President and CFO, tel. +358 (0)10 214 300


Suominen produces high-quality flexible packaging, wet wipes and nonwovens for
industry and the retail sector. The Group is one of Europe's leading
manufacturers in all its business areas, with operations in Finland, Poland,
the Netherlands, Sweden and Russia. The Group had net sales of EUR 173 million
in 2010 and it employs around 900 people. Suominen is listed on NASDAQ OMX
Helsinki. www.suominen.fi