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Neste Oil signs 1.5 bln euro revolving loan

Reuters - UK Focus

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

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

Barclays (LSE: BARC.L - news) , Credit Agricole (TLO: ACA.TI - news) , Danske Bank (Other OTC: DNSKF - news) and Pohjola Bank acted as coordinators, Neste Oil said. ($1 = 0.7237 Euros) (Reporting by Sakari Suoninen; editing by Keiron Henderson)