Silmäasema Oyj launches a domestic EUR 100 million commercial paper program
Silmäasema Oyj
Stock exchange release
17 April 2019 at 5:00 p.m. EET
Silmäasema Oyj has signed a contract for a EUR 100 million domestic commercial paper program. Within the framework of the contract, the company may issue commercial papers with maturities of under one year.
The financing arrangement broadens Silmäasema’s financing base and supports the Group's normal working capital financing.
The programme is arranged by OP Corporate Bank plc.
SILMÄASEMA OYJ
Anu Kankkunen
CFO
For further information, please contact:
CFO Anu Kankkunen, tel. +358 50 669 69
Silmäasema is a Finnish company, which offers all products and services for optical retail and eye healthcare nationwide. Silmäasema is the largest private eye clinic provider offering eye surgeries and the second largest optical retail chain in Finland. The Silmäasema chain has over 150 stores and 14 eye clinics in Finland as well as ten stores in Estonia. The Silmäasema chain employs over 1,000 eye healthcare professionals. The Silmäasema Group’s net sales were EUR 122.9 million in 2018 and adjusted EBITDA was EUR 11.8 million.