Listing prospectus for Suominen's EUR 85 million b

Helsinki, Finland, 2017-10-06 08:00 CEST (GLOBE NEWSWIRE) -- Suominen Corporation   Stock Exchange Release   6 October 2017 at 9.00 am (EEST) Listing prospectus for Suominen's EUR 85 million bond available; bank loan facilities renewed NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. On 25 September 2017, Suominen Corporation announced issuance of a EUR 85 million unsecured bond which carries a fixed annual interest at the rate of 2.50 percent and matures on 3 October 2022. The Finnish Financial Supervisory Authority has approved the listing prospectus of the bond. The prospectus is available in English, including the summary also in Finnish, as a pdf file on Suominen Corporation's website www.suominen.fi. The bond is expected to be admitted to trading on Nasdaq Helsinki Ltd on or about 10 October 2017. New bank financing facility In connection with issuing the bond, Suominen has entered into a syndicated credit facility agreement consisting of a single-currency revolving credit facility of EUR 100 million with a maturity of four years. The lenders for the facility are Nordea Bank AB (publ), Finnish Branch and Svenska Handelsbanken AB (publ), Branch Operation in Finland. The new bank facility includes leverage ratio and gearing as financial covenants. The new credit facility replaced the syndicated credit facilities agreement of Suominen totalling EUR 55 million with Nordea Bank AB (publ), Finnish Branch (former Nordea Bank Finland plc) and OP Corporate Bank plc (former Pohjola Bank plc) as the lenders. SUOMINEN CORPORATION President & CEO, Nina Kopola For further enquiries, please contact: CFO, Tapio Engström, tel. 010 214 300 Suominen in brief Suominen manufactures nonwovens as roll goods for wipes as well as for medical and hygiene products. The end products made of Suominen’s nonwovens – wet wipes, feminine care products and swabs, for instance – bring added value to the daily life of consumers worldwide. Suominen is the global market leader in nonwovens for wipes and employs over 650 people in Europe and in the Americas. Suominen’s net sales in 2016 amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. The Suominen share (SUY1V) is listed in Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at www.suominen.fi . Disclaimer

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