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Neste Oil signs 1.5 bln euro revolving loan

Wed, 30th Apr 2014 12:46

HELSINKI, April 30 (Reuters) - Finnish oil refiner Neste Oil on Wednesday said it had signed a 1.5-billion-euro($2.1 billion) revolving credit facility with a group of 20banks, refinancing an existing similar-size revolving loan.

The loan, which has a tenor of 5 years with two 1-yearextension options, will be used for general corporate purposes,Neste Oil said.

Barclays, Credit Agricole, Danske Bank and Pohjola Bank acted as coordinators,Neste Oil said. ($1 = 0.7237 Euros) (Reporting by Sakari Suoninen; editing by Keiron Henderson)

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