Taaleri secures enhanced liquidity with a long-term revolving credit facility agreement

TAALERI PLC                     INVESTOR NEWS                     10 SEPTEMBER 2024 AT 9:00 A.M. (EEST) 

Taaleri secures enhanced liquidity with a long-term revolving credit facility agreement 

Taaleri Plc has signed a EUR 30 million bilateral three-year revolving credit facility agreement with OP Corporate Bank Plc.  The agreement is intended for general corporate purposes to strengthen Taaleri's strategy. The revolving credit facility agreement includes standard covenants. 

"I am pleased with our strengthened financial position. The signed revolving credit facility agreement further improves our liquidity, increases our financial flexibility, and strengthens the implementation of our growth strategy," says Ilkka Laurila, CFO of Taaleri. 

 

Further information: 

Ilkka Laurila, CFO, +358 40 076 1360, ilkka.laurila@taaleri.com   

 

Taaleri in brief 

Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We have been a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy.  

Taaleri has two business segments: Private Asset Management and Garantia. Private Asset Management consists of bioindustry, renewable energy and real estate businesses.  

Taaleri has EUR 2.6 bn of assets under management in its private equity funds and co-investments. The company has approximately 125 employees. Taaleri Plc is listed on Nasdaq Helsinki.  

www.taaleri.com  

Head of Investor Relations and Communications Linda Tierala, +358 40 571 7895, linda.tierala@taaleri.com