Almanova granted EUR 100 million commercial paper programme
ALMANOVA CORPORATION STOCK EXCHANGE ANNOUNCEMENT 8 SEPT. 2005, 10.00
ALMANOVA GRANTED EUR 100 MILLION COMMERCIAL PAPER PROGRAMME
Almanova Corporation has signed a EUR 100 million domestic commercial paper programme. The programme permits the company to issue commercial papers with a maturity of less than one year in order to finance working capital and to cover other short-term financing needs.
The commercial paper programme has been brokered by Sampo Bank plc and Nordea Bank Finland plc.
The new programme replaces Alma Media Corporation's existing EUR 75 million commercial paper programme which will cease automatically when Alma Media Corporation (corporate ID 1449580-9) and Almanova Corporation (corporate ID 1944757-4) merge to form one company, on or about 3 October 2005. Following the merger the new company will once again use the name Alma Media Oyj (Alma Media Corporation in English) but with the new corporate ID 1944757-4.
The new commercial paper programme will enable the company to ensure, in line with its treasury policy, that it has sufficient financial instruments at its disposal for its various capital needs.
Jarkko Kivisilta, Treasury Manager, Alma Media Corporation, tel. +358 10 665 2713
DISTRIBUTION: Helsinki Exchanges, principal media
- Date: 8.9.2005, 12:00
- News type: Stock exchange release
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