We are very pleased to announce that we signed a EUR 130 million committed and EUR 45 million uncommitted facilities agreement on 5 February 2025.
With this agreement we have secured 3 years long term financing plus two extension options of one year each for Viking Malt Group. This set up will stabilize and increase the company’s liquidity reserves compared to past 2-3 year period. The facility is provided by a syndicate of three banks; Danske Bank A/S, OP Corporate Bank plc and Coöperatieve Rabobank U.A. OP Corporate Bank acted as Coordinator and Agent in the transaction.
Viking Malt will continue to work with both Danske Bank A/S and OP Corporate Bank plc. We are also very happy to onboard the 3rd partner, Coöperatieve Rabobank U.A , to this journey. Rabobank is a large international cooperative Food and Agri bank headquartered in the Netherlands and is fully owned by Dutch farmers.
Hannes & Snellman acted as our legal advisor and the work was performed professionally and efficiently by Mr. Markus Bremer and his team.
Internally we have been supported by the Viking Malt’s Group Management Team and The Board, but special thanks go to @Kati Helin and @Teemu Pohjola, who worked with full dedication, professionalism and flexibility on this project.