Caverion Corporation has signed a new EUR 60 million unsecured long-term bullet term loan agreement with its core banks. The loan will be used for general corporate purposes and it will balance the debt maturity structure and support the liquidity management in the Group. The loan will be raised during December 2016 and it will mature as a bullet loan in February 2021. The parties have furthermore confirmed the EBITDA calculation principles related to the Group’s financial covenant (Net Debt/EBITDA).
”For Caverion, 2016 has been a year of restructuring. Through these financing arrangements we increase Caverion’s financial flexibility and support the development of the company going forward,” says Martti Ala-Härkönen, Chief Financial Officer of Caverion.
Mandated Lead Arrangers of the loan arrangement are OP Corporate Bank plc, Nordea Bank Finland Plc and Skandinaviska Enskilda Banken AB (publ).
Distribution: Nasdaq Helsinki, principal media, www.caverion.com