The facility will be utilized to refinance the 500 million Euros bond maturing 1 April 2013, and it enhances Metsä Board’s liquidity position further.The facilities consist of 100 million Euros revolving credit facility that is available for drawdown immediately and in total of 500 million Euros term loans, which are available for drawdown as of late March 2013. The revolving credit facility has a maturity of three years, while 150 million Euros (bridge financing) part of the term loans matures on 30 June 2014 and 350 million Euros part on 31 March 2016. The facilities are unsecured until the utilization of the term loans.The average financing cost of the facilities calculated for the entire loan period, including all related fees, is approximately 6.5 percent per annum.Lenders are Danske Bank, Nordea, Pohjola Bank, Skandinaviska Enskilda Banken, Swedbank and certain Finnish institutional investors.Nordea acted as the coordinating bookrunner and the agent in the facilities.