Finnair | Syndicated revolving credit facility | 06-16 | €175m | Transaction | Airfinance Journal

Finnair | Syndicated revolving credit facility | 06-16 | €175m

On June 22, 2016, Finnair signed a binding €175 million syndicated revolving credit facility for general corporate purposes. The coordinator and bookrunner for the facility is Skandinaviska Enskilda Banken. Danske Bank, Nordea Bank, OP Corporate Bank and Swedbank also joined with equal tickets.
The loan replaces a syndicated revolving credit facility dated July 2, 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% and all other terms of the facility are substantially in line with the previous transaction.

Related to Deal No.11465


 


Deal Categories

Regions:
Europe
Finland
Tagged as:
Secured
Syndicated

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8