Rottneros has entered into a new loan agreement with Danske Bank whereby its existing long-term facilities will be refinanced. The new facilities amount to a total of SEK 250 million ($22.9 million) divided into a term loan facility of SEK 100 million ($9.1 million) and a revolving loan facility of up to SEK 150 million ($13.7 million).
As before, the loan agreement includes a sustainability link, which means that the interest rate terms are linked to some of the environmental and work environment criteria in the Group's long-term targets.
The facilities and the loan agreement have a maturity of two years, with a one-year extension option. The interest rate for both the term loan facility and any revolving credits used under the loan agreement is based on STIBOR 3 months plus interest margin.
Rottneros is an independent producer of market pulp.
