PostNL executes a EUR 400 million multicurrency revolving credit facility

PostNL has completed a five-year €400 million multicurrency revolving credit facility, which includes two one-year extension options.
This facility will replace a previous EUR 570 million multicurrency revolving credit facility, which was originally due for re-financing in 2016.

PostNL said that the new facility meant that it had “secured access to committed future financing capacity in line with its financing strategy at reduced financing costs and updated terms and conditions”.

The company added that the facility can be used for “general funding purposes”.

PostNL operates the largest network for letters, parcels and e-commerce in the Benelux countries.

The company saw a rise in profits in 2014, largely due to a strong performance in its parcels business.