€175m revolving credit facility for Finnair

On 22 June 2016, Finnair Plc signed a binding €175m syndicated revolving credit facility for general corporate purposes. The coordinator and bookrunner for the facility is Skandinaviska Enskilda Banken AB (publ). Danske Bank, Nordea Bank, OP Corporate Bank and Swedbank AB (publ) also joined with equal tickets. The loan replaces a syndicated revolving credit facility dated 2 July 2013, 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.