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 Sanoma reduced the facility to EUR 400 million, and in October 2017 further to EUR 300 million, due to reduced funding needs.

The Mandated Lead Arrangers of the RCF are ING, Nordea, OP Corporate Bank, Danske Bank and Handelsbanken. SEB and Swedbank act as Lead Arrangers of the facility.

Term loan

Sanoma Corporation signed a EUR 50 million bilateral Term Loan facility on 14 March 2017. The facility has a maturity of 18 months.

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.

Neither Sanoma nor the notes have a credit rating.

EUR 300 million Belgian commercial paper programme

In Belgium, Sanoma has an EUR 300 million commercial paper programme, arranged by ING Belgium SA/NV.

Neither Sanoma nor the notes have a credit rating.