Componenta Corporation agreed on a EUR 4 million working capital loan
Componenta Corporation, Stock Exchange Release, 21 December 2022 at 5.45 p.m. EET
Componenta has agreed on a working capital loan totaling EUR four (4) million with LocalTapiola Group and Elo Mutual Pension Insurance Company. The loan is to be withdrawn in full by March 31, 2023. The loan period is five years. Other loan conditions are usual.
CEO Sami Sivuranta: "With the now agreed financing arrangement, the current binding credit lines amounting to EUR 4 million and the share subscription limit, of which USD 7.5 million are still unused, will be supplemented. With these tools, we prepare for Componenta's further growing volumes and it will in part ensure the availability of key materials and the continuation of the implementation of our own development measures.”
COMPONENTA CORPORATION
Sami Sivuranta
President and CEO
For further information, please contact:
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101
Componenta Corporation is an international technology company and Finland’s leading contract manufacturer in the machine building industry. Sustainability and customer needs are at the core of the company’s broad technology portfolio. Componenta Corporation manufactures components for its customers, which are global manufacturers of machinery and equipment. The company’s stock is listed on Nasdaq Helsinki. www.componenta.com