Exel Composites Plc has signed a contract for a EUR 50 million domestic commercial paper program. Within the framework of the contract, the company may issue commercial papers with maturities of under one year.
The financing arrangement broadens Exel Composites' financing base and secures the Group's normal investment and working capital financing.
The program is arranged by Nordea Bank Plc, OP Corporate Bank Plc and Danske Bank A/S, Finland branch.
Vantaa, 18 July 2019
Exel Composites Plc
Mikko Kettunen, CFO