Tieto refinances its long-term syndicated credit facility
Tieto Corporation STOCK EXCHANGE RELEASE 22 May 2015, 14.00 EET
Tieto Corporation has refinanced its long-term syndicated credit facility with a new facility of EUR 150 million
Tieto has today signed a new EUR 150 million long-term syndicated revolving credit facility (RCF) to refinance its existing long-term syndicated RCF.
The existing EUR 100 million facility was agreed in 2011 and was due to mature in May 2016. The new EUR 150 million unsecured syndicated revolving credit facility matures on 22 May 2020 with two one-year extension options.
The following seven banks participated as Mandated Lead Arrangers in the transaction: BNP Paribas, Danske Bank, ING, Nordea, Pohjola Bank, SEB and Swedbank. Pohjola Bank acted as the co-ordinator of the transaction on behalf of Tieto.
For further information, please contact:
Janne Salminen, Group Treasurer, tel. +358 50 359 8521, janne.salminen (at) tieto.com
Tieto is the largest IT services company in the Nordics providing full lifecycle IT services. We also provide global product development services for companies in the communications and embedded technologies arena. Through industry insight, technology vision, and innovative thinking, Tieto proactively strives to inspire and engage our customers in finding new ways of accelerating their business.
Building on a strong Nordic heritage, Tieto combines global capabilities with local presence. Headquartered in Helsinki, Finland, Tieto has over 13 000 experts in more than 20 countries. Turnover is approximately EUR 1.5 billion. Tieto’s shares are listed on NASDAQ in Helsinki and Stockholm. www.tieto.com