New long-term financing of EUR 15 million to Componenta’s subsidiary Componenta Dökümcülük A.S.


Componenta Corporation Stock Exchange Release 28.07.2016 at 13.30

Componenta Dökümcülük A.S. has on 28 July 2016 signed a new 4-year credit facility agreement of EUR 15 million. The new loan is a separate tranche under EUR 120 million club loan agreement signed in 2014 and amended in 2015.

The counter-parties of the financing agreement are Türkiye Vakıflar Bankası T.A.O. Orhangazi/Bursa Branch, Türkiye Halk Bankası A.Ş. Organised Industry Commercial/Bursa Branch, T.C. and Türkiye İş Bankası A.Ş. Bursa Corporate Branch.

Helsinki, 28 July 2016

 

COMPONENTA CORPORATION

 

Harri Suutari

President and CEO

 

For further information, please contact:

 

Harri Suutari

President and CEO

tel. +358 400 384 937 

 

Markku Honkasalo

CFO

tel. +358 10 403 2710

 

Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 495 million in 2015 and its share is listed on Nasdaq Helsinki. The Group employs approx. 4,250 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.