TVO has signed a new EUR 1.0 billion revolving credit facility

Teollisuuden Voima Oyj (TVO) has today signed a new revolving credit facility (the "Facility") of EUR 1,000 million.

The Facility refinances TVO’s existing revolving credit facility signed in February 2016 and consists of a single EUR 1,000 million 3-year tranche. The tranche includes two one-year extension options. The Facility will be used for general corporate purposes and will serve as the core relationship facility for the future.

The transaction was coordinated by BNP Paribas and Nordea. TVO’s core banking group consists of both Nordic and international banks, committing to the Facility (full lender list below).

Name of the Lender

BNP Paribas SA
Crédit Agricole Corporate and Investment Bank
Danske Bank A/S
Natwest Markets N.V.
Nordea Bank Abp
OP Corporate Bank plc
SEB
Svenska Handelsbanken
Swedbank 

For further information, please contact:
Lauri Piekkari, Senior Vice President, Treasury and Risk Management, tel. +358 (0) 50 357 8623. 
 

Teollisuuden Voima Oyj has produced electricity for its shareholders, Finnish industrial and energy companies, safely and reliably for over 40 years. Nuclear electricity generated at TVO's Olkiluoto plant covers approximately 30 percent of Finland’s electricity demand once Olkiluoto 3’s regular electricity production has started. Climate-friendly nuclear electricity not only benefits society but also reduces the environmental impact of energy production. Moreover, the world's first final disposal facility for spent nuclear fuel is under construction in Olkiluoto.