PRESS RELEASE 27 Aug 2018
Pöyry's positive turnaround improves balance sheet - renews its financing package and repays loans
Pöyry PLC Press Release 27 August 2018 at 13:00 (EEST)
Pöyry has renewed its financing package with its core banks, Nordea and OP Corporate Bank, during August 2018. As a consequence of the new package, Pöyry will repay its existing loans from November 2016 and initiate a new revolving credit facility that is available until August 2021. The revolving credit facility is subject to customary covenants. Due to an improved balance sheet position and with gearing at -16% Pöyry has been in a position to optimise its debt portfolio.
"The previous financing package was signed at the beginning of our turnaround. Now with a proven track-record and improved balance sheet it was time to renew our debt portfolio and to extend maturities," said Pöyry's Chief Finance Officer Juuso Pajunen.
Chief Finance Officer
Tel: +358 10 332 6632
Did you know? Pöyry has contributed to 90% of the world's largest pulp mill designs.
Pöyry is an international consulting and engineering company. We serve clients across power generation, transmission & distribution, forest industry, biorefining & chemicals, mining & metals, infrastructure and water & environment. Together, we deliver smart solutions and work with the latest digital innovations. Pöyry's net sales in 2017 were EUR 522 million. The company's shares are quoted on Nasdaq Helsinki. Approximately 5500 experts. 40 countries. 115 offices.
In 2018 Pöyry is proud to be celebrating its 60th Anniversary, together with employees, clients and partners.