Loans and credit facilities
Corporate bond 2019
On 19 May 2016, Sanoma Corporation issued a EUR 200 million 3.5-year Senior Unsecured Bond. The bond pays a fixed coupon of 3.50% and had an issue price of 100.00%.
Syndicated revolving credit facility
Sanoma Corporation has a EUR 500 million syndicated revolving credit facility with a group of seven relationship banks. The facility was signed on 8 February 2016 and has a maturity of four years. In July 2017 the facility was reduced to EUR 400 million.
The Mandated Lead Arrangers for the transaction are ING, Nordea, OP Corporate Bank, Danske Bank and Handelsbanken. SEB and Swedbank act as Lead Arrangers of the facility.
Sanoma Corporation signed a EUR 50 million bilateral Term Loan facility on 14 March 2017. The facility has a maturity of 18 months.
Other committed facilities
Sanoma Corporation has a total of EUR 75 million committed bilateral revolving credit facilities.
Commercial paper programmes
EUR 800 million Finnish commercial paper programme
In Finland, Sanoma has an EUR 800 million commercial paper programme with eight co-operation banks.
The Arrangers for the programme are Nordea Bank AB (publ) Finnish Branch, Aktia Bank Plc, OP Corporate Bank Plc, Bank of Åland Plc, Danske Bank Plc, Skandinaviska Enskilda Banken AB (publ) Helsinki Branch, Svenska Handelsbanken AB (publ), Finnish Branch and Swedbank AB Finnish Branch.
EUR 300 million Belgian commercial paper programme
In Belgium, Sanoma has an EUR 300 million commercial paper programme, arranged by ING Belgium SA/NV.