OREANDA-NEWS. TNT has successfully completed a five-year €600 million multicurrency revolving credit facility, including two one-year extension options.

This facility will replace the former €570 million multicurrency revolving credit facility, which was originally due for re-financing in 2016. Making use of current favourable market conditions for these types of facilities, TNT secured access to committed future financing capacity in line with its financing strategy at reduced financing costs and updated terms and conditions.

The facility can be used for general funding purposes and includes a €300 million 'swing line' as liquidity backup for a Euro commercial paper programme.