OREANDA-NEWS. October 08, 2013. Eesti Energia has signed three new bilateral revolving credit facilities with Nordea Bank Finland, Pohjola Bank and SEB Pank for a combined size of 150 million euros. Term of the new facilities is five years with expiration in September 2018. New facilities will be used for backup liquidity purposes and serve as a support to the Group?s credit rating.

Previously, Eesti Energia had signed five revolving credit facilities in the total amount of 500 million euros in September 2011 with a term of three years. Group?s progression through capital expenditure program has reduced the need for liquidity and total amount available under previous facilities was 300 million euros as of 30 June 2013. Previous facilities will be cancelled in September 2013 as their remaining availability period is below one year.

Renewal of the facilities with extended tenor demonstrates the positive sentiment in the regional banking market, whereas reduced combined size is a reflection of Group?s lower capital expenditure in the coming years.