Glaston Oyj Abp - Company Announcement

Glaston agreed on long-term financing

Helsinki, Finland, 2015-06-18 14:25 CEST (GLOBE NEWSWIRE) -- Glaston
Corporation                                        Stock exchange release
18.6.2015 at 15.25 

Glaston agreed on long-term financing

Glaston Corporation has today signed a new long-term financing agreement to
refinance the financing agreement maturing in 2016. The financing agreement
consists of a EUR 10.0 million long term loan and a EUR 22.0 million revolving
credit facility, which can be used for short term financing and guarantees. 

The agreement fully replaces the earlier financing agreements and secures the
company's financing for the coming three year period. The agreement reduces
Glaston's funding and administrative costs and has therefore a positive effect
on Earnings per Share. In addition, the agreement removes all restrictions for
normal distribution of funds. 

The financial covenants used in the financing agreement are gearing (net debt/
equity) and leverage (net debt/EBITDA). The covenants will be monitored
quarterly. 

The arrangers of the loan are Nordea Bank Plc and Pohjola Bank plc.

Further information:
Sasu Koivumäki, Chief Financial Officer, Glaston Corporation, tel. +358 10 500
6412 
Arto Metsänen, President & CEO, Glaston Corporation, tel. +358 10 500 6100



Sender:
Glaston Corporation
Agneta Selroos
Director, Communications and Marketing
Tel. +358 10 500 6105



Glaston Corporation
Glaston is a global company developing glass processing technology for
architectural, solar, appliance and automotive applications. Our products range
from pre-processing and safety glass machines to software solutions and
maintenance services. We are dedicated to our customers' continued success and
provide services for all glass processing needs with a lifecycle-long
commitment in mind. Further information is available at www.glaston.net. 
Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List. 



Distribution: NASDAQ OMX Helsinki, key media, www.glaston.net