Fintoil CTO biorefinery in Hamina fully financed

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Type of post: NEWS IN BRIEF.

The Finnish company Fintoil has recently issued a 70 M€ green bond. The project is now fully financed and the company has also secured its working capital financing.
Press release: “Fintoilin Haminan biojalostamon rahoitus valmistui”, 28/06/2021.
Information for investors.
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A total 130 M€ in debt and equity financing has been raised for the biorefinery investment making it fully financed. The financing consists of a 70 M€ senior green bond, a 10 M€ SSRCF (Super Senior Revolving Credit Facility) credit facility, a 40 M€ preferred equity instrument and a 11 M€ equity financing.

Fintoil is in the process of building the world's third largest crude tall oil refinery in the port area of ​​Hamina. The construction work should be completed in July 2022 and the commercial operations are expected to start then.

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