Ahlstrom-Munksjö has entered into a EUR 820 million and $260 million intercompany facilities agreement

AHLSTROM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE February 19, 2021 at 13:15 EET

Ahlstrom-Munksjö Oyj ("Ahlstrom-Munksjö") and Ahlstrom-Munksjö USA Inc have today entered into an intercompany facilities agreement with Spa Holdings 3 Oy (" Spa Holdings 3") and Spa US Holdco, Inc ("Spa US Holdco", and together with Spa Holdings 3, the "Lenders"), under which SPA Holdings 3 makes available to Ahlstrom-Munksjö a term facility of up to EUR 550 million and a revolving facility of up to EUR 270 million and SPA US Holdco makes available to Ahlstrom-Munksjö USA Inc facilities of up to $260 million for the purposes of refinancing existing indebtedness of Ahlstrom-Munksjö and its subsidiaries as required, and for providing Ahlstrom-Munksjö and its subsidiaries financing for its general corporate purposes and working capital requirements (the "Facilities").

The Facilities are made available to Ahlstrom-Munksjö and Ahlstrom-Munksjö USA Inc by the Lenders in all material respects reflecting the terms of the committed senior term facilities and senior bridge facilities obtained by the Lenders from independent third party banks for such purposes, with the exception of a 12 month maturity, customary margin spread and other customary changes for such intercompany loan instrument.

Spa Holdings 3 has acquired through a public tender offer more than 90 per cent of all the issued and outstanding shares and votes in Ahlstrom-Munksjö. Therefore, signing of the intercompany facilities agreement is considered a transaction between the company and a closely-related party.

For more information, please contact:
Reetta Antila, Vice President, Group Treasury, +358 50 599 3114

Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering includes filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 2.7 billion and we employ some 7,800 people. Read more at www.ahlstrom-munksjo.com