Teollisuuden Voima Oyj’s €1 Billion Revolving Credit Facility

DLA Piper advised Teollisuuden Voima Oyj on the deal.

Teollisuuden Voima Oyj (TVO) announced a new revolving credit facility of EUR 1,000 million.

The Facility refinances TVO’s existing revolving credit facility signed in February 2016 and consists of a single EUR 1,000 million 3-year tranche. The tranche includes two one-year extension options. The Facility will be used for general corporate purposes and will serve as the core relationship facility for the future.

The transaction was coordinated by BNP Paribas and Nordea. TVO’s core banking group consists of both Nordic and international banks, committing to the Facility.

Teollisuuden Voima Oyj is a Finnish nuclear power company owned by a consortium of power and industrial companies.

The DLA Piper team was led by partner Kristiina Hirva (Picture), assisted by associate Veera Väyrynen.

Involved fees earner: Kristiina Hirva – DLA Piper; Veera Väyrynen – DLA Piper;

Law Firms: DLA Piper;

Clients: Teollisuuden Voima Oyj ;

Federica Tiefenthaler

Author: Federica Tiefenthaler