Sanoma has signed a new EUR 220 million syndicated term loan

Core Points - Sanoma Corporation has signed a EUR 220 million syndicated term loan facility with a maturity date of 16 March 2029, including two one-year extension options [1] - The term loan will be utilized to prepay a EUR 119 million term loan and refinance a EUR 150 million hybrid bond on the reset date of 16 March 2026, with repayments supported by improved operating cash flow [2] - The transaction is coordinated by ING Bank and Nordea Bank, with additional participation from several other banks [3] Company Overview - Sanoma is an innovative learning and media company, committed to maximizing its positive impact on society while minimizing its environmental footprint, aligning with the UN Sustainable Development Goals [4] - The company offers a range of learning products and services aimed at helping teachers develop children's talents, including both printed and digital content for various educational levels [5] - Sanoma operates across Europe, employing nearly 5,000 professionals, with net sales of approximately EUR 1.3 billion in 2024 and an operational EBIT margin of 13.4% [6]