Poyry renews debt financing, plans paydown and new three-year revolver

By Sarah Lizee

Olympia, Wash., Aug. 27 – Poyry Oyj renewed its financing package this month with its core banks, Nordea and OP Corporate Bank.

The company plans to repay its existing loans from November 2016 and initiate a new revolving credit facility that is available until August 2021, according to a press release.

The revolver is subject to customary covenants.

“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,” Poyry’s chief finance officer Juuso Pajunen said in the release.

Poyry is a consulting and engineering company based in Vantaa, Finland.

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