SanomaWSOY Corp. Press Release 27 Aug 2007 at 15:45
SanomaWSOY Corporation has signed a EUR 802 million syndicated revolving credit facility with a group of 12 relationship banks. The facility has a maturity of five years and two one year extension options. The margin depends on the financial condition of the borrower, the initial margin being 0.175% over Euribor.
The facility will be used for replacing the present short term bilateral financial agreements with a longer term arrangement, which also enables flexibility in financing possible future acquisitions.
Mandated Lead Arrangers for the transaction are BNP PARIBAS SA, DnB NORD A/S (Helsinki Branch), Fortis Bank (Nederland) N.V., Handelsbanken, ING, Nordea (coordinator and agent), OKO Bank plc, The Royal Bank of Scotland plc, Sampo Bank plc, SEB and Swedbank. Landesbank Hessen-Thüringen Girozentrale acts as a Co-Arranger of the loan.
SANOMAWSOY CORPORATION
Matti Salmi
Senior Vice President
Finance and Administration
Additional information:
Nils Ittonen, Senior Vice President, Group Treasury and Real Estate, SanomaWSOY Corporation
tel. +385 40 502 3774
www.sanomawsoy.fi
www.sanomawsoy.fi/Investors
SanomaWSOY is the leading media group in the Nordic region operating in versatile fields of media in over 20 European countries. The Group has five divisions: Sanoma Magazines, Sanoma, SanomaWSOY Education and Books, SWelcom, and Rautakirja. In 2006, the Group employed over 18,000 people and its net sales were some EUR 2.7 billion.