175 Million Euro Revolving Credit Facility for Finnair

Finnair Plc           Investor news            21 January 2019 at 9:00 am EET 

On 18 January 2019, Finnair Plc signed a binding EUR 175 million syndicated revolving credit facility for general corporate purposes. The coordinating bookrunner and mandated lead arranger for the facility is Nordea Bank. Danske Bank, OP Corporate Bank, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) act as bookrunners and mandated lead arrangers in the facility.

The loan replaces the existing EUR 175 million syndicated revolving credit facility dated 22 June 2016, which was unutilised. The new credit facility carries a three-year tenor and has two one-year extension options. The financial covenant of the loan is adjusted gearing of 175 percent and all other terms of the facility are substantially in line with the previous transaction.

Finnair Plc
Communications

Further information: 
Finnair Media Desk, t. 358 9 818 4020, comms(a)finnair.com  

Finnair is a network airline specialising in passenger and cargo traffic between Asia and Europe. Helsinki’s geographical location gives Finnair a competitive advantage, since the fastest connections between many European destinations and Asian megacities fly over Finland. Finnair’s vision is to offer its passengers a unique Nordic experience, and its mission is to offer the smoothest, fastest connections in the northern hemisphere via Helsinki and the best network to the world from its home markets. Finnair is the only Nordic network carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2017, Finnair’s revenues amounted to EUR 2,568 million and it carried almost 12 million passengers. Finnair Plc’s shares are quoted on Nasdaq Helsinki.