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Finnish nonwovens major Suominen extends maturity of revolving credit

01
Jun '21
Pic: Suominen/Riku Isohella
Pic: Suominen/Riku Isohella
Suominen, Finland-based manufacturer of nonwovens as roll goods for wipes and other applications, had signed in July 2020 a syndicated revolving credit facility agreement of €100 million with a maturity of 3 years with 2 1-year extension options. Suominen has now agreed on utilisation of the first option, extending the maturity of the facility to July 2024.

"The extension (of the credit facility) further strengthens the excellent liquidity position of Suominen. The facility is undrawn as of May 31, 2021," Suominen said in a press release.

Suominen's net sales in 2020 were €458.9 million. The company has nearly 700 professionals working in Europe and in the Americas.

Fibre2Fashion News Desk (RKS)

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