Stora Enso signs EUR 2.5 billion multi-c
STORA ENSO OYJ Stock Exchange Release 16 January 2003 at 10.00
Stora Enso signs EUR 2.5 billion multi-currency revolving credit facility Stora Enso has signed a new EUR 2.5 billion revolving credit facility agreement with a group of 21 banks. The facility, which has a maturity of five years, is for general corporate purposes including the refinancing of existing syndicated facilities amounting to EUR 1.6 billion. The loan facility has a margin of 0.425% p.a. over Euribor. The syndication was significantly oversubscribed and the facility size was increased from EUR 2.0 billion to EUR 2.5 billion. Mandated Lead Arrangers for the transaction are ABN Amro Bank N.V, Barclays Capital, Crédit Agricole Indosuez and Nordea. Banks were invited to join the facility as Arrangers (EUR 150 million), Senior Lead Managers (EUR 75 million) and Lead Managers (EUR 50 million). The other banks joining the syndicate are: Arrangers: Bank of America N.A, BNP Paribas, Citibank International plc, Commerzbank AG, Danske Bank, Dresdner Kleinwort Wasserstein, ING Group, Handelsbanken, JP Morgan Chase Bank, Skandinaviska Enskilda Banken AB, The Bank of Tokyo- Mitsubishi Ltd and UBS Warburg. Senior Lead Managers: KBC Bank NV and Okobank Osuuspankkien Keskuspankki Oyj. Lead Managers: Merrill Lynch Capital Markets Bank Ltd, Morgan Stanley and Sampo Bank plc. This transaction significantly reduces the number of Stora Enso's banking relationships, but at the same time strengthens and develops the relationships with the above core banks. For further information, please contact: Esko Mäkeläinen, Chief Financial Officer, tel. +44 208 432 1540 Hannu Kasurinen, Senior Vice President, Group Treasurer, tel. +32 477 69 70 71 Kari Vainio, Executive Vice President, Corporate Communications, tel. +44 7799 348 197 Keith Russell, Senior Vice President, Investor Relations, tel. +44 208 432 1552 www.storaenso.com www.storaenso.com/investors STORA ENSO OYJ p.p. Jussi Siitonen Pauli Mäkimaa