Brief: Bergs Timber Enters Into New Loan Agreement

Bergs Timber AB (publ)

14/06/2019 16:02

June 14 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * BERGS TIMBER ENTERS INTO A NEW LOAN AGREEMENT
    * AGREEMENT WITH DANSKE BANK A/S, DENMARK, SWEDEN BRANCH AND
AB
SVENSK EXPORTKREDIT (SEK) AS LENDERS
    * AGREEMENT  REGARDING, AMONG OTHER THINGS, REFINANCING OF
MAJOR
PART OF GROUP'S EXISTING LOANS.
    * NEW CREDIT FACILITIES IN TOTAL AMOUNT OF SEK 750 MILLION
    * FACILITIES HAVE A THREE-YEAR TERM AND INCLUDE THREE TERM
LOANS
AND A REVOLVING LOAN FACILITY OF SEK 250 MILLION.
    * TERM LOANS SHALL BE QUARTERLY AMORTISED BEGINNING AS OF 30
SEPTEMBER 2019.
    * AGREEMENT STIPULATES THAT YEARLY DIVIDENDS SHALL NOT
EXCEED 40
PER CENT OF PREVIOUS YEAR'S NET PROFIT.
    * LOAN AGREEMENT CONTAINS CUSTOMARY COVENANTS THAT LIMIT
DECISION-MAKING FOR BERGS TIMBER

Source text for Eikon:  ID:nWkr612mDq 
Further company coverage:  BRGb.ST 

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