Stora Enso has signed a €2.5bn revolving credit facility agreement with a group of 21 banks for general corporate purposes.
The deal will help refinance existing syndicated facilities amounting to €1.6bn. The syndication was significantly oversubscribed so the facility size was increased from €2bn to €2.5bn.
The transaction reduces the number of Stora Enso’s banking relationships, while strengthening its dealings with several core banks.
