Metsä Board has signed a EUR 250 million revolving credit facility whose terms are linked to the company’s long-term climate and energy efficiency targets.
The agreement replaces an undrawn EUR 200 million facility that was set to mature in early 2027.
The new five-year facility, which includes two optional one-year extensions subject to lender approval, is intended for general corporate purposes. Its margin is tied to key sustainability performance indicators to be achieved by 2030, including:
- Achieving zero fossil-based CO₂ emissions (Scope 1 and 2, market-based)
- Reducing greenhouse gas emissions from upstream transport and distribution (Scope 3, category 4) by 30% per tonne-kilometre from 2022 levels
- Improving energy efficiency by 10% from the 2018 baseline
“The new revolving credit facility further strengthens Metsä Board’s already solid financial position and enhances flexibility for future needs,” said Henri Sederholm, Chief Financial Officer of Metsä Board. “It supports our transformation programme aimed at improving profitability and building a foundation for long-term sustainable growth. The sustainability targets linked to the facility’s pricing promote our transition toward fossil-free production and continuous improvement in energy efficiency.”
Nordea Bank and Swedbank acted as Coordinating Mandated Lead Arrangers and Bookrunners, while Crédit Agricole CIB, Danske Bank, DNB Bank, OP Corporate Bank, and Skandinaviska Enskilda Banken served as Mandated Lead Arrangers and Bookrunners.
The agreement reinforces Metsä Board’s commitment to sustainable financing as it advances toward its 2030 goal of fossil-free production and raw materials.
Metsä Board is a leading European producer of lightweight folding boxboards, food service boards, and white kraftliners made from renewable fresh wood fibres. Headquartered in Finland and part of Metsä Group, the company reported sales of €1.9 billion in 2024 and employs around 2,300 people. Metsä Board aims for fossil-free mills and raw materials by 2030.
