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The latest update is out from Rottneros AB ( (SE:RROS) ).
Rottneros AB has entered into an amended loan agreement with its lenders, fulfilling a condition for Arctic Paper S.A.’s subscription and guarantee commitment for a previously announced rights issue. This agreement, which replaces the current leverage covenant with a liquidity covenant and profitability target, will take effect upon the completion of the rights issue, impacting the company’s financial alignment and shareholder commitments.
More about Rottneros AB
Rottneros is an independent producer of market pulp, consisting of the parent company Rottneros AB, listed on Nasdaq Stockholm, and subsidiaries Rottneros Bruk AB and Vallviks Bruk AB. The company is involved in the production and sale of market pulp and also includes Rottneros Packaging AB, which manufactures fiber trays, and other subsidiaries involved in raw material procurement and forest operations. Rottneros employs approximately 285 people and has sales of around SEK 2.7 billion.
Average Trading Volume: 136,516
Current Market Cap: SEK608M
See more insights into RROS stock on TipRanks’ Stock Analysis page.