News from Nynas

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

Nynas reports fourth quarter and full year results 2016

Nynas increased its sales volumes in the fourth quarter by 3 per cent compared to previous year. The operating result for the quarter (EBITDA) amounted to SEK 44 million (265) and for the full year to SEK 1009 million (1265). Net income for 2016 was positive with SEK 75 million (346). The key activity in 2016 was the takeover of Harburg Refinery North on January 1, with the distillation unit in operation since August.

Read more about Nynas reports fourth quarter and full year results 2016

Nynas reports third quarter 2016

In the third quarter, sales volumes for naphthenic specialty oils and bitumen increased with 2 percent compared to last year. Net sales for the second quarter were SEK 3,813 million (4,992) as a consequence of primarily lower oil price levels and a weaker British pound.

Read more about Nynas reports third quarter 2016

Nynas reports second quarter 2016

In the second quarter, sales volumes for naphthenic specialty oils and bitumen increased with 4 percent compared to last year. Net sales for the second quarter were SEK 3,318 million (4,907) as a consequence of primarily lower oil price levels and a weaker British pound. The majority of our activities focused on the Harburg refinery conversion project.

Read more about Nynas reports second quarter 2016