NoHo Partners Oyj
NoHo Partners Plc
STOCK EXCHANGE RELEASE 15 February 2021 at 17:15
NoHo Partners has completed the negotiations on a new long-term financing package
NoHo Partners Plc has completed its negotiations with its main financiers concerning a financing package in which the bridge financing, which was negotiated at the beginning of the COVID-19 pandemic, and the current financiers’ existing loans have been combined into one long-term financing package. The purpose of the negotiated financing package of approximately MEUR 141 is to secure the company’s long-term financing position and make the reconstruction programme after the exceptional circumstances end possible.
The financing package consists of a five-year programme in which loan instalments are MEUR 6 during the 2021 financial period and approximately MEUR 22 during the 2022 financial period. At the beginning of the financing programme, the interest level of loans granted by financial institutions will increase to a little over 3 per cent until the COVID-19 bridge financing has been paid back. After that, the interest level will gradually return to about 2.6 per cent.
"The financing package agreed guarantees the financing for our Group for a long period of time. For the company, it was important to find a more long-term solution that will balance our financing position in the coming years and enable reconstruction measures after the exceptional circumstances caused by the coronavirus are over," says NoHo Partners CEO Aku Vikström.
More information available from:
Aku Vikström, CEO, NoHo Partners Plc, tel. +358 44 011 1989
Jarno Suominen, Deputy CEO, NoHo Partners Plc, tel. +358 40 721 5655
Distribution:
Nasdaq Helsinki
Major media
www.noho.fi/en
NoHo Partners Plc is a Finnish group established in 1996, specialising in restaurant services. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include some 250 restaurants in Finland, Denmark and Norway. The well-known restaurant concepts of the company include Elite, Savoy, Teatteri, Yes Yes Yes, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi, Friends & Brgrs and Cock’s & Cows. In 2019, NoHo Partners Plc’s turnover was MEUR 272.8 and EBIT MEUR 30.6. Depending on the season, the Group employs approximately 2,100 people converted into full-time workers.
NoHo Partners corporate website: www.noho.fi
NoHo Partners consumer website: www.ravintola.fi
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About Globenewswire
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
INTESA SANPAOLO S.P.A.12.7.2025 10:07:31 CEST | Press release
Papanicolaou outlines Intesa Sanpaolo’s commitment to rebuilding Ukraine
Bitget Limited12.7.2025 07:17:59 CEST | Press release
Bitget Launchpool to List Chainbase (C) with 2.75M in Token Rewards
Ingredion Incorporated11.7.2025 22:03:00 CEST | Press release
Ingredion to Release 2025 Second Quarter Financial Results On August 1, 2025
Strategic Partners A/S11.7.2025 21:58:13 CEST | Pressemeddelelse
Ledende medarbejders transaktion
Brookfield Corporation11.7.2025 19:45:09 CEST | Press release
Brookfield Corporation to Host Second Quarter 2025 Results Conference Call
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom