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Finland's Lamor Secures New Financing, Plans Share Issue

MT Newswires·07/20/2026 01:24:18
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01:24 AM EDT, 07/20/2026 (MT Newswires) -- Lamor (LAMOR.HE) entered into new senior financing agreements with Danske Bank, Norion Bank, and Finnvera as part of a wider debt restructuring. The Finnish environmental services company refinanced 60.2 million euros of bank loans and guarantee facilities, while securing 15 million euros in additional funding to support the ramp-up of its Kilpilahti plastics recycling plant and the completion of the Kuwait soil remediation project, according to a July 17 release. Lamor also extended the maturity of its notes to Aug. 24, 2028, and announced plans to raise at least 5 million euros through a share issue by Dec. 15, 2026.