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PONSSE PLC SIGNS AGREEMENT ON FINNISH COMMERCIAL PAPER PROGRAMME
To expand its financing base, Ponsse Plc has on 1 September 2017 signed an agreement on a Finnish commercial paper programme to the value of EUR 50 million. The main organiser of the programme is OP Corporate Bank. The brokers are OP Corporate Bank and Nordea Bank AB (publ), Finnish Branch.
This financial restructuring will diversify Ponsse Plc’s financial base and strengthen the Group’s normal financing of its investments and working capital.
Vieremä, 27 September 2017
CFO Petri Härkönen, tel. +358 50 409 8362
NASDAQ OMX Helsinki Ltd
Ponsse Plc specialises in the sales, production, maintenance and technology of cut-to-length method forest machines and is driven by genuine interest in its customers and their business operations. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customers’ needs.
The company was established by forest machine entrepreneur Einari Vidgrén in 1970, and it has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are quoted on the NASDAQ OMX Nordic List.