Helsinki (News release) -- UPM has signed a new EUR 1 250 million syndicated multi-currency revolving credit facility agreement. The committed facility has a maturity of five years with two one-year extension options subject to lenders' approval.

The new facility refinances the existing EUR 750 million revolving credit facility dated March 2020 and EUR 1 000 million revolving credit facility dated December 2023 and can be used for general corporate purposes.

15 banks participated in the successful syndication of the facility, reflecting confidence in UPM's credit quality and long-term outlook.

Crédit Agricole Corporate and Investment Bank, Danske Bank and Nordea Bank acted as coordinating bookrunners and mandated lead arrangers, while BBVA, Bank of China, BNP Paribas, Citibank, Commerzbank, DBS Bank, DNB Bank, J.P. Morgan, OP Corporate Bank, SEB, Swedbank and UniCredit acted as bookrunners and mandated lead arrangers.