Terrafame strengthens its financing position, including new financing arrangements of 150 MEUR and an extension of current loan facilities of 315 MEUR

Aventum has successfully advised Terrafame Ltd (“Terrafame” or “Company”) in its financing arrangements. As part of the financing solution, Terrafame and its main owners, Finnish Minerals Group and the Galena funds managed by Trafigura, have agreed on a 100 MEUR financing arrangement consisting of a 50 MEUR shareholder loan and a 50 MEUR equity financing commitment. In addition, Terrafame has agreed on a 50 MEUR advance payment arrangement with Trafigura.

In the same context, Terrafame has agreed on a one-year extension to the maturity of an existing 250 MEUR bank loan agreement as well as on extending a 65 MEUR revolving credit facility previously received from Finnish Minerals Group for the same period. The new maturity of the bank loan and the revolving credit facility ends in December 2028.

With the new financing arrangements, Terrafame will finance its ongoing significant investments, which will secure the continuation of operations far into the future.