Huhtamaki Secures One-Year Extension on EUR 450M Credit Line
Huhtamaki Extends Sustainability-Linked Credit Facility
Huhtamaki Oyj has successfully confirmed an extension of its sustainability-linked syndicated revolving credit facility amounting to EUR 450 million. This extension is set for an additional year, leading to a new termination date of November 8, 2030. The company plans to leverage this credit facility for various general corporate strategies.
Strategic Importance of the Credit Facility
This credit line not only provides financial backing for Huhtamaki’s operational demands but also aligns with the company's commitment to sustainability. By securing such a facility, Huhtamaki is reinforcing its dedication to responsible business practices and sustainable growth.
About Huhtamaki
Huhtamaki stands out as a global leader in sustainable packaging solutions. With its innovative designs, the company ensures the protection of food and beverages, along with personal care products. Such solutions promote safety, accessibility, and hygiene, while also playing a vital role in minimizing food waste.
Huhtamaki's Commitment to Sustainability
Huhtamaki’s ethos revolves around embedding sustainability in its operational framework. The company, which boasts over a century of history and a robust Nordic heritage, employs approximately 18,000 professionals across 36 countries. By focusing on values such as Care, Dare, and Deliver, Huhtamaki continues to pave the way in fostering a sustainable future.
Financial Performance and Growth
In recent years, Huhtamaki has demonstrated substantial financial growth, reporting net sales of EUR 4.1 billion in 2024. Being listed on the Nasdaq Helsinki, with its headquarters in Espoo, Finland, Huhtamaki is poised for further expansion in the global packaging market.
Future Prospects
The extension of the sustainability-linked credit facility is seen as a strategic move to support Huhtamaki's ambitious goals. By aligning financial resources with sustainable objectives, the company is well-positioned to navigate future market challenges while enhancing its offering to customers worldwide.
Contact Information
For further inquiries regarding this extension or Huhtamaki's strategic directions, interested parties can reach out to Tom Erander, Vice President of Treasury, at +358 10 686 7893.
Frequently Asked Questions
What is the purpose of Huhtamaki's credit facility?
The credit facility is primarily used for general corporate purposes, supporting the company's operational needs and sustainability initiatives.
How long is the extension period for the credit facility?
Huhtamaki has extended the maturity of the credit facility for an additional year, with a new termination date set for November 8, 2030.
What does Huhtamaki specialize in?
Huhtamaki specializes in providing sustainable packaging solutions for food, beverages, and personal care products, with a strong focus on hygiene and waste reduction.
How many employees does Huhtamaki have?
Huhtamaki employs approximately 18,000 professionals across 36 countries, showcasing its global operational footprint.
What notable financial figure did Huhtamaki achieve in 2024?
In 2024, Huhtamaki reported net sales totaling EUR 4.1 billion, indicating robust financial health and growth.
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