Aventum advised Terrafame in strengthening its financial position, including entering into a EUR 250 million loan agreement from a Nordic bank club
Aventum has successfully advised Terrafame Ltd (“Terrafame” or “Company”) in its financing arrangements, consisting of entering into a new loan agreement of EUR 250 million from a Nordic bank club and repayment of existing shareholder loans of EUR 142 million through stock option exercises. The new loan agreement includes a EUR 100 million term loan facility and a EUR 150 million revolving credit facility (RCF). New facilities are unsecured and have a maturity of four years.
In the past years, Terrafame has systematically developed from an intermediate products company into an enabler in electric mobility. Strengthening of financial position is a significant step in ensuring successful execution of Terrafame’s business plan.
For further information regarding the transaction please contact:
+358 40 053 0820
+358 40 845 6075
+358 50 467 3743