TNT executes a €600m credit facility

TNT has successfully established a five-year €600m multicurrency revolving credit facility, including two one-year extension options.

The facility will replace the company’s former €570m multicurrency revolving credit facility, which was originally due for re-financing in 2016. TNT states that favourable market conditions have allowed it to secure access to committed future financing capacity in line with its financing strategy at reduced financing costs.

The facility can be used for general funding purposes and includes a €300m ‘swing line’ as liquidity backup for a Euro commercial paper programme.


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