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Fortum Closes 1.75B Euro Loan Facility With RBS, Others

June 17, 2016, 07:41 AM
Filed Under: Energy

Fortum Corporation has signed a EUR 1,750 million syndicated Multicurrency Revolving Facility Agreement. The committed facility will be used for general corporate purposes and replaces the existing credit facility signed in July 2011. The facility has an initial maturity of five years and Fortum may request two one-year extension options. The successful syndication was well oversubscribed and a total of 17 banks participated in the facility.

Nordea and The Royal Bank of Scotland (RBS) acted as coordinators of the facility. Other participating banks are Barclays Bank PLC, MUFG, BNP Paribas Corporate & Institutional Banking, Citi, Danske Bank, Deutsche Bank, Handelsbanken, ING, Intesa SanPaolo S.p.A., Mizuho Bank Ltd., OP Corporate Bank plc, SEB, Société Générale, Swedbank AB (publ) and Unicredit Corporate & Investment Banking.

Fortum provides customers with electricity, heat and cooling as well as other energy solutions that improve present and future life.

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