PKC Group Plc has signed a new revolving credit facility agreement and a domestic commercial paper program

PKC Group Plc         Company Announcement 30 October 2014       4.00 p.m.
 

PKC Group Plc has signed a new revolving credit facility agreement and a domestic commercial paper program

PKC Group Plc has today signed a new revolving credit facility agreement and a domestic commercial paper program to expand the funding base of the PKC Group Plc.

PKC Group Plc has signed a five year revolving credit facility agreement of EUR 90 million. The arrangers of the credit facility are Nordea Bank Finland Plc, Pohjola Bank Plc and Merchant Banking, Skandinaviska Enskilda Banken AB (publ). Nordea Bank Plc acts as a coordinator of the arrangement. The new agreement replaces the previous credit facility agreement of EUR 30 million signed in August 2011. PKC Group Plc has also signed a domestic commercial paper program of EUR 90 million. The lead arranger of the commercial paper program is Pohjola Bank Plc. The dealers of the program are Pohjola Bank Plc and Skandinaviska Enskilda Banken AB (publ).

The restructuring of financing was executed in order to ensure funding for investment, working capital and refinancing and to diversify the funding sources of PKC Group Plc.

PKC GROUP PLC

Board of Directors

Matti Hyytiäinen

President & CEO

For more information, please contact:

Juha Torniainen, CFO, PKC Group Plc, tel. +358 (0)40 570 8871

DISTRIBUTION

NASDAQ OMX

Main media

www.pkcgroup.com

PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry and other selected segments. The Group has production facilities in Brazil, China, Estonia, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue in 2013 totalled EUR 884.0 million. PKC Group Plc is listed on NASDAQ OMX Helsinki Ltd.