After facing financial challenges, Finnish silicon wafers manufacturer Okmetic Oyj announced on June 29, 2007 that it had successfully secured an agreement with Nordea Bank Finland Plc, the local subsidiary of Swedish commercial bank Nordea Bank AB, to refinance its syndicated bank facility of approximately 20 million euros ($26.9 million). This move is indicative of Okmetic's commitment to stabilizing its financial position and fostering future growth opportunities.