SanomaWSOY Group has refinanced its loan portfolio by bilateral financing agreements with following seven banks: BNP Paribas, ING Bank, Nordea Bank, OKO Bank, The Royal Bank of Scotland, Sampo Bank, and Skandinaviska Enskilda Banken.
The size of the refinancing program is approximately EUR 500 million. It replaces the EUR 800 million facility underwritten by Goldman Sachs and Nordea and signed in 2001 in connection with the CIG acquisition.
The refinancing will lower SanomaWSOY's financial expenses substantially.
SANOMAWSOY CORPORATION
Raija Kariola
Vice President
Investor Relations and Group Communications
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Helsinki Exchanges
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