Fintoil CTO biorefinery in Hamina fully financed
Versión en Español 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 shoul...