Stora Enso has officially announced signing of an agreement said with a syndicate of 14 banks to refinance a credit line in the amount of 700 million euros, according to the company.
The loan is scheduled for repayment in January 2017. Stora Enso has an opportunity to extend this term two times for a period of 1 year. The interest rate will depend on the credit rating.
Leading arrangers and bookrunners of the transaction are Credit Agricole Corporate, Investment Bank, Pohjola Bank and SEB.
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