Finnish utility, TVO, has secured a new €1.5 billion revolving credit facility. The loan, which has replaced an existing revolving credit facility signed in June 2005, has a maturity of five years including two one-year extension options. The owner of two nuclear power plant units will use the proceeds for general corporate purposes. The loan was provided by Barclays Bank, Deutsche Bank, Fortis Bank, Mizuho Corporate Bank, The Bank of Tokyo-Mitsubishi, RBS and SEB, besides eight other banks.
Click here for the release from TVO.