Loans and credit facilities

Syndicated credit facility

Sanoma Corporation has a EUR 550 million syndicated term loan and credit facilitoes 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 will be used for the intended acquisition of Iddink, which Sanoma announced on 11 December 2018. The acquisition is expected to be finalised in Q2–Q3 2019.

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.