Kesla Oyj | English Translation of Stock Exchange Release, Insider Information | 25.03.2026 at 08:45
Kesla has negotiated a bridge financing arrangement with a Nordic bank. The arrangement includes a bridge loan that can be drawn in two tranches of EUR 2.5 million each. The first tranche can be drawn in mid-April 2026, and if necessary, the second tranche can be drawn in mid-August. This bridge financing will be used to reduce the liabilities of Kesla’s current main financiers during 2026. The bridge financing is short-term in nature and will be repaid in full by the end of 2026.
In connection with this, Kesla Oyj has also negotiated an accounts receivable financing arrangement under which the same Nordic bank will either purchase or finance Kesla Oyj’s trade receivables. As a result of the bridge financing and the receivables financing arrangement, Kesla’s financial position and availability of working capital are secured.
The bridge financing solution is part of Kesla’s business and financial recovery and structural assessment process announced on 1 December 2025, one element of which, as previously disclosed, is the assessment of Kesla’s financial position. The recovery plan and structural assessment process is ongoing, and decisions based on the process will be announced separately.
“Today’s negotiated bridge financing solution is a key element in the recovery and stabilisation of our financial situation. The bridge financing provides us with financial flexibility and enables us to focus on the recovery of our business and to continue the structural assessment process as planned during the current year. The objective of this solidly advancing process is to ensure the continuity of Kesla’s business performance, profitability, financial flexibility and long-term competitiveness,” comments Pasi Nieminen, President and CEO of Kesla Oyj.
Further information:
KESLA OYJ
Chief Financial Officer Ilkka Miettinen
Tel. +358 50 3848 318
ilkka.miettinen[at]kesla.com
Kesla – Your Responsible Partner
Kesla is a responsible partner that develops machinery, technology and services for the sustainable success of its customers, both in and outside the forest. Kesla’s four product groups are: tractor equipment, logging equipment, stationary and industrial cranes, and KESLA Defence. In 2024, the Group’s turnover was €44,3 million, of which 53% was attributable to export operations. Established in 1960, Kesla has production facilities in Joensuu, Kesälahti and Ilomantsi as well as a sales office in Appenweier, Germany. Kesla currently employs around 232 people. Kesla’s A series shares are listed on the Nasdaq Helsinki Ltd. www.kesla.com