GERMANY - Surteco Group SE has effectively concluded the refinancing process for the bridge loan utilized in the acquisition of Omnova business units.

The refinancing encompasses a syndicated loan totaling EUR 230 million, with EUR 30 million designated for revolving credit facilities (RCF), replacing a portion of the existing RCF.

Additionally, there is an agreed-upon increase option of EUR 60 million for general corporate financing. The term of this financing is set at three years, with the possibility of a two-time extension, each spanning one year.

"Successfully navigating the refinancing in a challenging market environment has allowed us to establish a robust, long-term financing structure. This positions us to focus on advancing our strategy and fortifying the profitability of our business sectors," commented SURTECO GROUP SE CFO Andreas Pötz.

Surteco Group SE  develops, designs, manufactures, and sells paper and plastic-based surface materials.