Loans and credit facilities

Syndicated credit facility

Sanoma Corporation has a EUR 550 million syndicated term loan and credit facility with a group of nine relationship banks. The facility was signed on 4 February 2019, and it has two tranches:

  • EUR 250 million term loan facility with four year maturity and
  • EUR 300 million bullet revolving credit facility with five year maturity.

The term loan will be repaid in three annual instalments of EUR 50 million starting from Q3 2020, with a final repayment of EUR 100 million at maturity.

The term loan was used for the acquisition of Iddink on Q3 2019.

Revolving credit facility

Sanoma Corporation has a EUR 100 million revolving credit facility with two banks. The facility was signed on 18th November 2019 and it has one year maturity with one year extension option.

Commercial paper programmes

EUR 800 million Finnish commercial paper programme

In Finland, Sanoma has an EUR 800 million commercial paper programme with eight co-operation banks.?The arrangers for the programme are Nordea Bank AB (publ) Finnish Branch, Aktia Bank Plc, OP Corporate Bank Plc, Bank of ?land Plc, Danske Bank Plc, Skandinaviska Enskilda Banken AB (publ) Helsinki Branch, Svenska Handelsbanken AB (publ), Finnish Branch and Swedbank AB Finnish Branch.?Neither Sanoma nor the notes have a credit rating.

EUR 300 million Belgian commercial paper programme

In Belgium, Sanoma has a EUR 300 million commercial paper programme, arranged by ING Belgium SA/NV.?Neither Sanoma nor the notes have a credit rating.

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