Fintoil CTO biorefinery in Hamina fully financed
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.
Related posts:
- “Fintoil invests more than 100 M€ in a biorefinery in Finland”, 06/02/2020.
- “The construction of the Fintoil’s CTO biorefinery to begin immediately in the Port of HaminaKotka”, 16/02/2021.
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.