Release Date: 17 March 2011
Release ID: 5187
Amsterdam, 17 March 2011 - TNT announces the successful completion of two five-year € 570 million Multicurrency Revolving Credit Facilities, one for the Express group and one for the Mail group.
Both facilities are conditional upon the demerger of 70.1% of the Express group, which will be voted on in the Annual General Meeting of Shareholders on 25 May 2011. The two new facilities will replace the company’s existing €1.1 billion facilities. The facilities can be used for general funding purposes and as liquidity backup for a Euro commercial paper programme.
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