Kesla Oyj Secures Bridge Financing as Part of Recovery Process
Forestry equipment manufacturer Kesla Oyj has negotiated a bridge financing agreement for EUR 5 million with a Nordic bank as part of its business and financial recovery. The arrangement aims to secure the company's liquidity and working capital through the end of 2026.
Kesla Oyj has finalized a bridge financing arrangement with a Nordic bank, providing EUR 5 million in short-term funding. The loan will be disbursed in two tranches of EUR 2.5 million each, with the first available in mid-April 2026 and the second, if needed, in mid-August. This financing is intended to reduce liabilities to Kesla's current main financiers during 2026.
In conjunction with the bridge loan, Kesla has also arranged for accounts receivable financing, where the same Nordic bank will purchase or finance the company's trade receivables. These measures are designed to secure Kesla's financial position and ensure the availability of working capital until the end of 2026. The bridge financing is expected to be fully repaid by the end of the year.
The agreement is part of Kesla's ongoing business and financial recovery and structural assessment process, announced in December 2025. The company is continuing its review of its financial standing and will announce any decisions made based on this process separately. The objective of the recovery plan is to ensure the continuity of Kesla's business performance, profitability, and long-term competitiveness.
Pasi Nieminen, CEO of Kesla Oyj, stated that the negotiated financing solution is a key element in stabilizing the company's financial situation and provides the necessary flexibility to focus on business recovery efforts and the ongoing structural review.