Stock Exchange Release 06/07/2012 8:30
Sanoma Corporation has signed a EUR 600 million syndicated revolving credit facility with a group of nine relationship banks. The facility has a maturity of five years. The margin depends on the leverage of the borrower, the initial margin being 1.5% over Euribor.
The new facility is replacing the existing EUR 802 million syndicated revolving credit facility.
"We have been able to successfully syndicate and sign this important new loan facility with a more concentrated core bank group. This new facility together with the successful inaugural EUR 400 million bond issue earlier this year secures the base of our funding for the coming years", says Kim Ignatius, CFO, Sanoma Corporation.
The Mandated Lead Arrangers for the transaction are Danske Bank, Handelsbanken, ING Bank N.V., Nordea, Pohjola Bank Plc and SEB. Citi, The Royal Bank of Scotland Plc and Swedbank AB act as Lead Arrangers of the loan.
Chief Financial Officer
Additional information: Sanoma's Investor Relations, Martti Yrjö-Koskinen, tel. +358 40 684 4643 or email@example.com
Sanoma inspires, informs and connects. As a diversified media group, we bring information, experiences, education and entertainment to millions of people every day. We make sure that quality content and interesting products and services are easily available and meet the demands of our readers, viewers and listeners. We offer a challenging and interesting working environment for around 11,000 people in some 20 countries throughout Europe. In 2011, the Group's restated net sales totalled EUR 2.4 billion