SVENSKA CELLULOSA AB GETS 119 MILLION-EURO LOAN FOR PAPER MILL
(The following press release from IKB was received by e-mail. The sender verified the statement.)
[Frankfurt am Main, 28 January 2013] On 16 th January 2013 Svenska Cellulosa Aktiebolaget SCA signed a € 119 million Syndicated Loan Agreement funded by KfW “Energieeffizienzprogramm”. It serves for investing in a paper mill in Germany.
IKB acted as Bookrunner and Mandated Lead Arranger. IKB is also Agent on this transaction. Further relationship banks joined in syndication. The syndication closed oversubscribed.
SCA is a global hygiene and forest company that develops and produces personal care products, tissue, publication papers and solid-wood products. Sales are conducted in some 100 countries. SCA has many well-known brands, including the global brands TENA and Tork as well as the local brands Tempo and Zewa.
SCA creates value by fulfilling the needs of customers and consumers in a spirit of innovation, through continuous efficiency enhancement and with a clear desire to sustainable development. Net sales in 2011 amounted to SEK 106 billion (€ 11.7 billion). SCA has approximately 37,000 employees.
IKB Deutsche Industriebank AG supports medium and large-sized enterprises and private equity funds in Germany and Europe with loans, risk management, capital market services and advisory services.