Nynas news

28/04/2016 09:21

Nynas signs EUR 650,000,000 credit facilities

Nynas AB has signed a EUR 650 million credit facilities agreement comprising a EUR 125 million Term Loan Facility and a EUR 525 million Multicurrency Revolving Facility with six relationship banks. The Facilities have a tenor of five years, and will be used to refinance the Company’s existing EUR 750 million credit facilities, for working capital and general corporate purposes.

Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ) and SEB acted as Bookrunners and Coordinators, with SEB acting as documentation agent and facility agent. Nordea, Danske Bank and Swedbank joined as Mandated Lead Arrangers and ING as Lead Arranger.

"We are pleased to secure this long term financing with a strong group of banks supportive of our continued development for growth. Nynas is now completing its large investment program for expansion in the Harburg refinery (Germany) supporting both our specialty oils and bitumen businesses," comments Gert Wendroth, President and CEO of Nynas AB.

For further information, please contact:

Hans Östlin
Communications Director Nynas AB
Email: hans.ostlin@nynas.com
Tel.: +46 (0)708 93 19 75 

Bo Askvik
CFO Nynas AB
Email: bo.askvik@nynas.com
Tel: +46 (0)72 229 22 42

Further reading

The premier event for tribology research and lubrication engineering

As usual, Nynas will have a strong presence at the STLE Annual Meeting, presenting three different technical papers.

Read more about The premier event for tribology research and lubrication engineering

Arctic grade transformer oil to withstand the toughest climate

Nynas has launched an Arctic grade transformer oil that withstands the toughest of climate conditions. It complies with one of the world’s most advancedstandards regulating the use of mineral oils in transformers. The new oil, NYTRO® Polaris GXN, is an example of Nynas’ broad global product range thatmeets practically any regional requirements.

Read more about Arctic grade transformer oil to withstand the toughest climate

Securing supply

Nynas is continuously investing in its depots and hubs around the world. By further strengthening the depot network, we can meet our growth requirements while serving our customers with greater flexibility.

Read more about Securing supply