Tikkurila debuts with Eu180m deal

26 Mar 2010

Finnish paint company Tikkurila has signed a Eu180m debut syndicated loan. The deal, signed last week, is split between a Eu100m term loan and an Eu80m revolver.

Tikkurila, until recently a wholly owned subsidiary of Kemira, a Finnish chemicals company, appointed Nordea, Pohjola and SEB as bookrunners. Each committed the same amount. Pohjola was the coordinator and facility agent and Nordea was documentation agent.

The debt will be used to repay inter-company loans to Kemira and ...

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