Inside information: Lamor Corporation Plc has entered into new senior financing arrangements as part of comprehensive reorganisation of its debt financing

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Inside information: Lamor Corporation Plc has entered into new senior financing arrangements as part of comprehensive reorganisation of its debt financing
 
On 7 July 2026 Lamor Corporation Plc (“Lamor”) informed on comprehensive plan to reorganise its debt financing and on 14 July 2026 Lamor informed on the acceptance of the amendments proposed to the noteholders.
 
Lamor has now entered into new senior financing arrangements with Danske Bank A/S, Norion Bank AB and Finnvera Plc as part of the comprehensive reorganisation of its debt financing in accordance with its earlier communicated plans. Under the new arrangements, Lamor has refinanced its and Lamor Recycling Oy’s existing bank loans and guarantee facilities in an aggregate amount of EUR 60,161,000 and secured additional funding of EUR 15,000,000 to finance the remaining investments and working capital needs related to the ramp-up of its plastic recycling facility and certain working capital requirements of Lamor Recycling Oy. In addition, the final maturity date of the notes has been extended to 24 August 2028. As a condition subsequent under the new senior financing arrangements, Lamor intends to carry out a share issue of at least EUR 5,000,000 by 15 December 2026.
 
The new financing arrangements strengthen Lamor's financial position and provide the company with the funding required to support the continued ramp-up of the Kilpilahti plastic recycling facility and the finalisation of the Kuwait soil remediation project.
 
Nalle Stenman, CFO of Lamor: "We are very pleased with this outcome and would like to thank the financing consortium for their trust. The new financing arrangements provide the necessary funding for our ongoing projects while allowing us to focus fully on advancing our core business".
 
Access Partners acted as the financial adviser to Lamor on the financing arrangement.
 
Further enquiries:
 
Lamor Corporation Plc
 
Fred Larsen, CEO
[email protected]  
+358 40 090 6311
 
Nalle Stenman, CFO
[email protected]
+358 40 566 8918
 
About Us
 
Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea.
 
Environmental protection, soil remediation and material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste management and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world.

We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have nearly 600 employees in more than 20 countries. In 2025, our turnover was 90 million euros. Lamor's share is listed on the Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com.  

Disclaimer

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the United States or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the notes or shares in Lamor in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes and shares in Lamor have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This communication does not constitute an offer of the notes or shares in Lamor to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the notes or shares in Lamor. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom that are qualified investors within the meaning of Article 2(e) of the Prospectus Regulation as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018 that are also (a) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (b) high net worth entities, and (iii) other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.