Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
HELSINKI, Finland, Dec. 21, 2015 (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 21 December 2015 at 9.00 EET
Stora Enso has extended its EUR 700 million committed credit facility agreement by one year. The facility now matures in January 2019, and will be used as a backup for general corporate purposes. The facility is currently undrawn.
The new margin is based on a ratings grid, and at the current ratings of BB/Ba2 the margin is 1.20% p.a. over Euribor. The loan has no financial covenants.
The lenders are Credit Agricole Corporate and Investment Bank, Pohjola Bank plc, SEB, Barclays, BNP Paribas Corporate & Investment Banking, Citi, Deutsche Bank, DNB Bank ASA, Goldman Sachs Bank USA, HSBC Bank plc, JP Morgan, Nordea, and Royal Bank of Scotland.
"We are pleased with the continued support and commitment of our relationship banks. Improving the terms of the facility and extending maturity adds flexibility during Stora Enso's transformation," says Group Treasurer Martin Ros.
For further information, please contact:
Martin Ros, SVP, Group Treasurer, tel. +46 1046 71078
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market.
STORA ENSO OYJ
