TVO has signed a new EUR 800 million Green Revolving Credit Facility

Teollisuuden Voima Oyj (TVO) has today signed a new revolving credit facility (the "Facility") of EUR 800 million.

The Facility refinances TVO’s existing revolving credit facility signed in June 2022 and consists of a single EUR 800 million 3-year tranche. The tranche includes two one-year extension options. The Facility is aligned with TVO’s Green Finance Framework prepared in accordance with the ICMA Green Bond Principles and the LMA Green Loan Principles and supports the company’s strategy to finance EU Taxonomy-aligned nuclear generation at the Olkiluoto plant site.

The transaction was coordinated by Crédit Agricole Corporate and Investment Bank and Danske Bank A/S, with Crédit Agricole Corporate and Investment Bank acting as Sustainability Coordinator and Danske Bank A/S acting as the Agent. TVO’s core banking group consists of both Nordic and international banks, committing to the Facility (full lender list below).

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

For further information, please contact: 
Mikko Honkaheimo, Director, Treasury and Risk Management, tel. +358 (0) 40 566 0976.

Teollisuuden Voima Oyj has produced electricity for its shareholders, Finnish industrial and energy companies, safely and reliably for over 40 years. The island of Olkiluoto produces about 30 percent of Finland's electricity needs. 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.