Home Press Releases 175 million euro revolving credit facility for Finnair

175 million euro revolving credit facility for Finnair

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On 22 June 2016, Finnair Plc signed a binding EUR 175 million syndicated revolving credit facility for general corporate purposes. The coordinator and bookrunner for the facility is Skandinaviska Enskilda Banken AB (publ). Danske Bank, Nordea Bank, OP Corporate Bank and Swedbank AB (publ) also joined with equal tickets.
The loan replaces a syndicated revolving credit facility dated 2 July 2013, which was unutilised. The new credit facility carries a three-year tenor and has two one-year extension options. The financial covenant of the loan is adjusted gearing of 175 percent and all other terms of the facility are substantially in line with the previous transaction.

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