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TNT executes multicurrency revolving credit facility 04 November 2014
TNT executes multicurrency revolving credit facility
Making use of current favourable market conditions
TNT has successfully completed a five-year €600.0 million multicurrency revolving credit facility, including two one-year extension options. This facility will replace the former €570.0 million multicurrency revolving credit facility, which was originally due for re-financing in 2016. Making use of current favourable market conditions for these types of facilities, TNT secured access to committed future financing capacity in line with its financing strategy at reduced financing costs and updated terms and conditions.
The facility can be used for general funding purposes and includes a €300.0 million ‘swing line’ as liquidity backup for a Euro commercial paper programme.