Glaston completes loan as part of debt raising programme

28 Feb 2011

Finland’s Glaston, which makes glass processors, has completed a Eu73.7m three year syndicated loan as part of a Eu84m refinancing package. The three year senior debt has been agreed with Nordea, Pohjola and Sampo Bank.

The facility replaces a Eu74m revolver completed in 2009 and set to mature in November this year that was agreed with the same group of banks.

The borrower is also raising Eu6m through issuing new shares, offering up to 6.8m new shares to local investors, and will also raise ...

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