Terrafame strenghtens its financial position, including entering into a EUR 250 million loan agreement from Nordic bank club

Aventum has successfully advised Terrafame Ltd (“Terrafame” or “Company”) in its financing arrangements, consisting of entering into a new loan agreement of EUR 250 million from a Nordic bank club and repayment of existing shareholder loans of EUR 142 million through stock option exercises. The new loan agreement includes a EUR 100 million term loan facility and a EUR 150 million revolving credit facility (RCF). New facilities are unsecured and have a maturity of four years.

In the past years, Terrafame has systematically developed from an intermediate products company into an enabler in electric mobility. Strengthening of financial position is a significant step in ensuring successful execution of Terrafame’s business plan.