Purmo Group has completed the syndication of its merger financing arrangement

Purmo Group has completed the syndication of the EUR 280 million Term Loan and EUR 80 million Revolving Credit Facility (together “Facilities”) that were signed on 8th September 2021.

The Facilities will be used to support and finance the completion of the merger of Purmo Group Oy Ab and Virala Acquisition Company Oyj and for general corporate purposes of the Combined Company, Purmo Group Plc. 

Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ) acted as Joint Underwriting Mandated Lead Arrangers and Bookrunners for the Facilities while Danske Bank A/S and OP Corporate Bank Plc joined the Facilities as Mandated Lead Arrangers. Nordea Bank Abp is acting as Agent.

Purmo Group Plc was formed through a statutory absorption merger of Purmo Group Ltd into Virala Acquisition Company Plc on 31 December 2021. Subsequently, Purmo Group Ltd was dissolved and VAC became Purmo Group Plc. Trading in Purmo Group Plc’s shares started on 3 January 2022 on the official list of Nasdaq Helsinki Ltd under the trading code PURMO.

 
PURMO GROUP PLC

Further information
Tanja Träff, Group Treasurer +358 (0)40 750 1184
Josefina Tallqvist, Investor Relations: +358 (0)40 745 5276

Distribution
Nasdaq Helsinki
Major media
investors.purmogroup.com

Purmo Group Plc is a leader in sustainable indoor climate comfort solutions in Europe. We provide complete heating and cooling solutions to residential and non-residential buildings, including radiators, towel warmers, underfloor heating, convectors, valves and controls. Our mission is to be the global leader in sustainable indoor climate comfort solutions. Our approximately 3,500 employees operate through 46 locations in 21 countries, manufacturing and distributing top quality products and solutions to customers in more than 100 countries globally. Purmo Group Plc’s shares are listed on Nasdaq Helsinki (symbol: PURMO). www.purmogroup.com