Fortum signs EUR 1,750 million syndicated Multicurrency Revolving Facility Agreement By Saur News Bureau/ Updated On Fri, Jun 17th, 2016 Fortum Corporation has signed a EUR 1. 75 billion syndicated Multicurrency Revolving Facility Agreement. The company will use the committed facility for general corporate purposes and replaces the existing credit facility signed in July 2011. The facility has an initial maturity of five years and Fortum may request two one-year extension options. The company in a statement notes that successful syndication was well oversubscribed and a total of 17 banks participated in the facility. <a href='https://secure.meilleurmedia.com/www/delivery/ck.php?n=a23dad63&cb=INSERT_RANDOM_NUMBER_HERE' target='_blank'><img src='https://secure.meilleurmedia.com/www/delivery/avw.php?zoneid=17&source=https%3A%2F%2Fwww.saurenergy.com&cb=INSERT_RANDOM_NUMBER_HERE&n=a23dad63&ct0=INSERT_ENCODED_CLICKURL_HERE' border='0' alt='Advertisment' /></a> Nordea and The Royal Bank of Scotland acted as coordinators of the facility. Other participating banks are Barclays Bank PLC, MUFG, BNP Paribas Corporate & Institutional Banking, Citi, Danske Bank, Deutsche Bank, Handelsbanken, ING, Intesa SanPaolo S.p.A., Mizuho Bank Ltd., OP Corporate Bank plc, SEB, Société Générale, Swedbank AB (publ) and Unicredit Corporate & Investment Banking. Tags: Fortum, Renewable Energy, Solar, Solar Business, Solar Industry, Solar Power
