Brief: Sanoma Has Signed A New EUR 200 Million Term Loan

Sanoma Oyj

03/12/2020 06:33

Dec 3 (Reuters) - Sanoma Oyj  SAA1V.HE :
    * SANOMA HAS SIGNED A NEW EUR 200 MILLION TERM LOAN
    * SANOMA OYJ - TERM LOAN WILL BE USED FOR INTENDED ACQUISITION OF SANTILLANA SPAIN, WHICH
SANOMA
ANNOUNCED ON 19 OCTOBER 2020
    * SANOMA OYJ - MATURITY OF LOAN IS THREE YEARS, WITH A ONE YEAR EXTENSION OPTION.
    * SANOMA OYJ - WITH TERM LOAN, SANOMA CONVERTS PART OF ACQUISITION-RELATED EUR 480 MILLION
BRIDGE
FINANCING FACILITY INTO LONG-TERM FINANCING
    * SANOMA OYJ - CONVERTS PART OF ACQUISITION-RELATED EUR 480 MILLION BRIDGE FINANCING
FACILITY INTO
LONG-TERM FINANCING.
    * SANOMA OYJ - ACQUISITION IS EXPECTED TO BE FINALISED IN H1 2021.

Source text for Eikon:  ID:nGNE2zN100 
Further company coverage:  SAA1V.HE 

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