Finnair closes €175 million revolver

Lauren Eldershaw
By Lauren Eldershaw January 29, 2019 10:45

Finnair closes €175 million revolver

On 18 January 2019, Finnair signed a binding €175 million syndicated revolving credit facility for general corporate purposes. The coordinating bookrunner and mandated lead arranger for the facility is Nordea Bank. Danske Bank, OP Corporate Bank, Skandinaviska Enskilda Banken and Swedbank act as bookrunners and mandated lead arrangers in the facility.

The loan replaces the existing €175 million syndicated revolving credit facility dated 22 June 2016, 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% and all other terms of the facility are substantially in line with the previous transaction.

Lauren Eldershaw
By Lauren Eldershaw January 29, 2019 10:45