Componenta extends loan with same banking cast

23 Mar 2012

Finnish metal casting services firm Componenta has extended the maturity of its €164m syndicated credit facility by one year to June 28, 2013. The company said the banking syndicate on the extended facility remained the same, comprising Danske Bank, HSH Nordbank, Nordea, Pohjola, Royal Bank of Scotland, Swedbank and UniCredit.

The loan, originally signed in 2007, will amortise to around half its present size during 2012, and Componenta plans to refinance the deal with a new €90m facility by the end of this year.

Componenta hopes to be able to reduce its interest-bearing debt by a third through the ...

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