ENP Newswire - 05 May 2014
Release date- 02052014 - Neste Oil has signed a new EUR 1.5 billion multi-currency revolving credit facility with a syndicate of 20 core relationship banks.
The new facility refinances the Group's existing EUR 1.5 billion facility dated December 2010, and will be used for general corporate purposes. The facility has a tenor of 5 years with two 1-year extension options at the approval of the banks.
Barclays Bank PLC, Credit Agricole CIB, Danske Bank and Pohjola Bank plc acted as Co-ordinators. Bookrunners and Mandated Lead Arrangers were Barclays Bank PLC, BNP Paribas, Credit Agricole CIB, Danske Bank, DBS Bank Ltd, HSBC Bank plc, ING, Nordea, Pohjola Bank plc, SEB, Svenska Handelsbanken, Swedbank, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and UniCredit. Lead Arrangers were Citibank, DNB Bank ASA, Intesa Sanpaolo, Scotiabank, The Royal Bank of Scotland plc and Westpac.
Neste Oil Corporation
Tel: +358 10 458 4710
Tel: +358 10 458 4683
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. Neste Oil had net sales of EUR 17.5 billion in 2013 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register, and has featured in The Global 100 list of the world's most sustainable corporations for many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com