Nokian Tyres signed a EUR 100 million Revolving Credit Facility
Nokian Tyres plc Stock Exchange Release 12 May 2016, 1:15 p.m.
Nokian Tyres plc has signed a EUR 100 million Revolving Credit Facility for 5 years with an international bank syndicate. The Facility will be used to refinance the existing EUR 100 million Multicurrency Revolving Credit Facility that was signed 31st of March 2011 and for general corporate purposes.
Mandated Lead Arrangers and Bookrunners for the facility are: DANSKE BANK A/S, HANDELSBANKEN CAPITAL MARKETS, SVENSKA HANDELSBANKEN AB (PUBL), NORDEA BANK FINLAND PLC, OP CORPORATE BANK PLC and SWEDBANK AB (PUBL).
The coordinator and facility agent for the facility was OP Corporate Bank plc.
Nokian Tyres plc
Vice President, Marketing and Communications
For further information: Mrs. Anne Leskelä, Vice President, Finance and Control, IR, tel. +358 10 401 7481.
Distribution: Nasdaq Helsinki, media, www.nokiantyres.com
Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has 1,475 outlets in 26 countries. In 2015 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com