The syndicated five-year facility has two one-year extension options, subject to the lender’s approval, and it will be used as a backup for general corporate purposes.
The pricing mechanism of the RCF is linked to Metso’s sustainability targets and the development of these targets will be measured annually. The facility margin will be partly adjusted based on Metso’s annual progress in meeting these targets.
Banco Bilbao Vizcaya Argentaria, S.A., London Branch, BNP Paribas, Citibank, N.A., London Branch, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Helsinki Branch, HSBC Continental Europe, Nordea Bank Abp, OP CORPORATE BANK PLC, Skandinaviska Enskilda Banken Ab (publ) and Standard Chartered Bank AG participated in the transaction as Mandated Lead Arrangers and Bookrunners and Scotiabank (Ireland) Designated Activity Company as Mandated Lead Arranger.
BNP Paribas and Nordea Bank Abp acted as Coordinators. Nordea Bank Abp acted as Sustainability Coordinator and Facility Agent.
(Source: Metso)
