HKScan Corporation   Stock exchange release 30 March 2012       3:20 p.m.


HKScan raises EUR 250 million syndicated loan facility


HKScan has signed a EUR 250 million secured multi-currency credit facility agreement with a Nordic banking group.


The loan facility comprises a EUR 100 million five-year amortizing term loan and a EUR 150 million five-year credit limit.
The arrangement will refinance the part of the syndicated loan facility established in 2007 which matures in 2013. The new facility will extend the average loan period of the Group's loan stock. 


The mandated lead arrangers are Nordea, Pohjola Pankki plc, Danske Bank A/S and Swedbank AB. The banking group also includes Skandinaviska Enskilda Banken AB and DNB Bank ASA.

 

HKScan Corporation
Hannu Kottonen
CEO


Further information is available from CEO Hannu Kottonen and CFO Irma Kiilunen. Please leave any messages for them to call with Marjukka Hujanen on +358 (0)10 570 6218.

HKScan is one of the leading food companies in Northern Europe with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under strong brand names. Its customers are retail, the HoReCa sector, industry and export customers. It had net sales of EUR 2.5 billion in 2011. HKScan has operations in ten countries with some 11 400 employees.

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