Nordic Paper Holding AB Announces Extraordinary General Meeting and Extra Dividend Proposal

Stockholm, June 23, 2025 — Nordic Paper Holding AB, a leading holding company in the materials sector, has announced an extraordinary general meeting. The company, which operates primarily through its subsidiaries in the paper and pulp industry, is also proposing an extraordinary dividend of 12 SEK per share to its shareholders.

Extraordinary General Meeting

The announcement of the extraordinary general meeting was made public on June 23, 2025, as reported by Nasdaq Nordic. This meeting is a significant event for the company, which is listed on the Swedish Stock Exchange. The details of the agenda for the meeting have not been disclosed, but it is expected to address key strategic decisions for the company.

Extraordinary Dividend Proposal

In a separate announcement, Nordic Paper’s board proposed an extraordinary dividend of 12 SEK per share, totaling 803 million SEK. This proposal follows the company’s decision on March 21, 2025, to withhold dividends for the fiscal year 2024, with the intention of considering an extraordinary dividend once long-term financing was secured. The board’s proposal comes after the successful negotiation of a long-term financing agreement, as detailed in a press release.

Long-term Financing Agreement

Nordic Paper has entered into a long-term financing agreement with a syndicate of financial institutions. The agreement includes a fixed-term senior secured loan, known as a Term Loan B, amounting to 275 million euros, and a revolving credit facility of 65 million euros. The fixed loan has a term of seven years, while the revolving credit facility has a term of six and a half years. The company plans to use the funds from the fixed loan to refinance and settle existing financing arrangements.

The interest rates for the fixed loan are set at Euribor +500 basis points, with the revolving credit facility at Euribor +375 basis points. These rates are structured to decrease as the company’s leverage ratio improves. The early termination of existing financing will result in one-time costs of 37 million SEK due to the unwinding of activated costs, which will not impact cash flows.

Market Reaction and Next Steps

The proposal for the extraordinary dividend is subject to approval at the extraordinary general meeting scheduled for July 16, 2025. The stock is expected to trade ex-dividend on July 17, 2025. The company’s recent financial maneuvers, including the securing of long-term financing and the proposed dividend, are likely to be closely watched by investors and market analysts.

As of June 18, 2025, Nordic Paper Holding AB’s share price closed at 54.8 SEK, with a 52-week high of 60.2 SEK and a low of 43.64 SEK. The company’s market capitalization stands at 3.65 billion SEK, with a price-to-earnings ratio of 7.57.

For further information, shareholders and interested parties are encouraged to attend the extraordinary general meeting or contact the company’s investor relations department.