Brief: Sanoma Signs New Syndicated Revolving Credit Facility

Sanoma Oyj

07/11/2022 15:47

Nov 7 (Reuters) - Sanoma Oyj  SANOMA.HE :
    * SANOMA HAS SIGNED A NEW EUR 300 MILLION SYNDICATED
REVOLVING
CREDIT FACILITY AND SYNDICATED ITS EUR 250 MILLION 4-YEAR TERM
LOAN USED FOR THE ACQUISITION OF PEARSON ITALY AND GERMANY
    * NEW FACILITY REPLACES CURRENT REVOLVING CREDIT FACILITY OF
SAME
SIZE, WHICH WOULD HAVE EXPIRED IN FEBRUARY 2024
    * NEW FACILITY HAS A MATURITY OF THREE YEARS, AND INCLUDES
TWO
ONE-YEAR EXTENSION OPTIONS AT DISCRETION OF LENDERS
    * FACILITY WILL BE USED FOR GENERAL CORPORATE PURPOSES

Source text for Eikon:  ID:nGNE7QgkDQ 
Further company coverage:  SANOMA.HE 
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