Panostaja Oyj - Company Announcement

PANOSTAJA STRENGTHENS ITS FINANCIAL POSITION WITH A MEUR 30 FINANCING ARRANGEMENT

Panostaja Oyj                Stock Exchange Bulletin, December 8, 2015, 16:30

Panostaja has signed agreements for a financing package worth a total of MEUR
30. The package consists of MEUR 20 in loans and a MEUR 10 acquisition limit. 

The loans are secured debt loans. A share of MEUR 5 of the loans falls due
three years from withdrawal and a share of MEUR 15 falls due on October 31,
2019. In accordance with binding loan agreements, the loans shall be withdrawn
by April 30, 2016. 

The acquisition limit provides Panostaja with a flexible MEUR 10 investment
resource for future corporate acquisitions. The limit shall be valid for three
years and can be used to withdraw two-year loans to fund acquisitions made by
Panostaja. 

The financing arrangement ensures the repayment of the convertible subordinated
loan issued in 2011 falling due on April 1, 2016 while strengthening the
company's financial position and investment resources for the coming years. The
lenders consist of a bank and institutions. 

"The arrangement strengthens our financial position, decreases our funding
costs and provides us with the resources we need to operate actively in the
corporate acquisitions market in the coming years," says Panostaja’s CFO Tapio
Tommila. 

Panostaja Oyj
Juha Sarsama
CEO



Further information:

CEO Juha Sarsama +358 40 774 2099

CFO Tapio Tommila +358 40 527 6311

 
Panostaja is an investment company developing Finnish SMEs in the role of an
active majority shareholder. The company aims to be the most sought-after
partner for business owners selling their companies as well as for the best
managers and investors. Together with its partners, Panostaja increases the
Group's shareholder value and creates Finnish success stories. Panostaja
operates in eight business segments, and Panostaja Group employs some 1,300
staff. Panostaja’s shares (PNA1V) are quoted on the Nasdaq Helsinki Stock
Exchange. In the 2014 financial period, the Group’s official net sales totaled
MEUR 154.8. 

www.panostaja.fi