SOURCE: Neste Oil Oyj

December 20, 2010 14:26 ET

Neste Oil signs EUR 1.5 billion revolving credit facility

ESPOO, FINLAND--(Marketwire - December 20, 2010) -


Neste Oil Corporation
Stock Exchange Release
20 December 2010 at 7 pm (EET)

Neste Oil signs EUR 1.5 billion revolving credit facility

Neste Oil has signed a new EUR 1.5 billion multi-currency revolving credit facility with a syndicate of 19 core relationship banks. The new facility refinances the Group's existing EUR 1.5 billion facility dated March 2005, and will be used for general corporate purposes. The facility matures in March 2016.

Mandated Lead Arrangers were Barclays Capital, BNP Paribas, Crédit Agricole CIB, Danske Bank, Merchant Banking, Skandinaviska Enskilda Banken AB (publ), Nordea Bank Finland Plc, Pohjola Bank plc and The Bank of Tokyo-Mitsubishi UFJ, Ltd.

The facility was oversubscribed.

Neste Oil Corporation
Hanna Maula
Director, Corporate Communications

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low- emission, high-quality traffic fuels. The company is the world's leading supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 9.6 billion in 2009 and employs around 5,000 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

Neste Oil has been selected into the Dow Jones Sustainability World Index and awarded 'Best in Class' recognition for its social accountability by Storebrand. The company is also featured in the Ethibel Pioneer Investment Register and included in Innovest's Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information: www.nesteoil.com.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Neste Oil Oyj via Thomson Reuters ONE

[HUG#1474334]

Contact Information

  • For further information:

    Mika Rydman
    Vice President and Group Treasurer
    tel. +358 10 458 4710

    Olli Kivi
    Manager, Funding, Group Treasury
    tel. +358 10 458 4683