Finnair secures a €175 million revolving credit facility

Dino D'Amore
By Dino D'Amore June 23, 2016 13:39

Finnair secures a €175 million revolving credit facility

On June 22, 2016, Finnair signed a binding €175 million syndicated revolving credit facility for general corporate purposes. The coordinator and bookrunner for the facility is Skandinaviska Enskilda Banken. Danske Bank, Nordea Bank, OP Corporate Bank and Swedbank also joined with equal tickets.
The loan replaces a syndicated revolving credit facility dated July 2, 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% and all other terms of the facility are substantially in line with the previous transaction.
Dino D'Amore
By Dino D'Amore June 23, 2016 13:39