New €200 million revolving credit facility for Finnair

Finnair has signed an agreement for a revolving credit facility of €200 million ($213.55 million) for ‘general corporate purposes’. The transaction, which will last for three years with a one-year extension option, was coordinated by Nordea Bank and Skandinaviska Enskilda Banken. The lead arrangers for the loan arrangement are Nordea Bank, Skandinaviska Enskilda Banken, OP Corporate Bank and Danske Bank. The financial covenant of the loan is a det debt to EBITDA ratio of 3.75 or less. Additionally, S&P Global Ratings has assigned a long-term issuer credit rating of BB+ to Finnair, with a stable outlook.