Fortum Corporation has signed a EUR 2,700 million syndicated Revolving Credit Facility Agreement. The committed facility will be used for general corporate purposes, and it replaces the existing credit facility of approximately EUR 2,200 million. The new facility has an initial maturity of five years, and Fortum may request two one-year extension options.
The successful syndication was well oversubscribed, and a total of 15 banks participated in the facility. BNP Paribas, ING and SEB acted as coordinators of the facility. Other participating banks are Bank of China, Barclays, Citibank, Crédit Agricole, Danske Bank, Mizuho, Nordea, OP Corporate Bank, SMBC, Société Générale, Swedbank and Unicredit.
