Glaston Oyj Abp
Glaston agreed on long-term financing
Glaston Oyj Abp 18.06.2015 14:25 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 News Source: NASDAQ OMX 18.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Glaston Oyj Abp Finland Phone: Fax: E-mail: Internet: ISIN: FI0009010219 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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