ITELLA CORPORATION, COMPANY ANNOUNCEMENT, JULY 19, 2010, 9 AM (EET)
A EUR 120 million syndicated revolving credit facility for Itella Corporation with four Nordic banks was signed on 16th July 2010.
The Facility carries a maturity of 5 years and will be used to refinance an existing facility from January 2006 and is for general corporate purposes.
Director (Group Treasurer) Jutta Tuominen +358 20 451 5092
Senior Vice President (CFO) Tuija Soanjärvi +358 20 45 20907
Itella Group provides solutions for managing information and product flows. Itella operates in mail communication, information logistics and logistics in Northern and Central Europe and Russia. The Group reported net sales of EUR 1 820 million in 2009. Itella provides work for around 29,000 professionals. Corporate services are delivered under the Itella brand, while the Posti brand is used for services targeted at consumers in Finland. More information on the Group is available at www.itella.com/group.