Log In | Become a Member | Contact Us


Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured:     Production Inkjet Tools & Resources     Industrial Print Analysis     European Coverage     Conversations on Print Podcast

Stora Enso Signs EUR 1.75 Billion Syndicated Loan

Thursday, January 27, 2005

Press release from the issuing company

HELSINKI, Finland, Jan. 26 - Stora Enso today announced that Stora Enso has signed a new EUR 1.75 billion syndicated credit facility agreement with a group of 23 banks. The facility, which has a maturity of five years, is for general corporate purposes including the refinancing of existing EUR 2.5 billion syndicated facility. The new loan facility has a margin of 0.275% p.a. over Euribor. Mandated Lead Arrangers for the transaction are BNP Paribas, Citibank, JP Morgan and SEB. Arrangers: ABN AMRO, Bank of America, Barclays, Commerzbank, Calyon, Danske Bank, Deutsche Bank, Dresdner Bank, Goldman Sachs, ING, KBC Bank, Merrill Lynch, Morgan Stanley, Nordea, OKO, Sampo Bank, Svenska Handelsbanken, The Bank of Tokyo-Mitsubishi, UBS. The rational for refinancing was primarily to save costs by taking advantage of prevailing market conditions and to prolong the maturity.

 

 

SHARE

Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2017 WhatTheyThink. All Rights Reserved