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

New CEO of Nynas

The Board of Nynas has today decided to appoint Bo Askvik, present CFO, as interim President and CEO of Nynas.

Read more about New CEO of Nynas

New Arctic oil

A trusted supplier of transformer oils for extremely low temperatures and severe weather conditions, Nynas has developed an Arctic grade oil that complies with the toughest climate conditions.

Read more about New Arctic oil

The brains of Nynas: Rogier van Hoof

Head of Secondary Distribution since 2011, Rogier oversees and coordinates transport-related (when the product ends up on wheels) issues across the globe with suppliers, naphthenic affiliates and customers. He joined Nynas in 2005 as General Manager Naphthenics Benelux, after having worked for 20 years at a major French oil company. Rogier holds a Master’s degree in Business Management, and has also studied Mechanical Engineering. Find out what's on his mind.

Read more about The brains of Nynas: Rogier van Hoof