Metso negotiates two-year loan via Nordea to acquire McCloskey

By Marisa Wong

Morgantown, W.Va., June 10 – Metso Corp. said it has agreed on a bilateral loan from Nordea Bank Abp to finance its acquisition of McCloskey International.

The loan has a maturity of two years and includes a one-year extension option, according to a news release.

The transaction, valued at C$420 million, is expected to close in the fourth quarter of 2019.

Metso is a Helsinki, Finland-based industrial company offering equipment and services in the mining, aggregates, recycling and process industries. McCloskey is a Canadian mobile crushing and screening equipment manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.