Investor Relations
Corporate Governance
Metro International S.A. is a Luxembourg limited-liability company
Latest News
METRO INCREASES CREDIT FACILITY
14 August 2006
Metro International S.A. ("Metro International"), the international newspaper group, today announced that it has signed an amendment to its multi currency, revolving credit facility agreed in September 2004.
The total commitment has been increased to US$ 90 million from US$ 75 million and is provided by a syndicate of lenders comprising Nordea, Svenska Handelsbanken and Calyon Bank. The facility will be reduced by US$ 30 million on December 31, 2009, and by a further US$ 30 million on December 31, 2010. The credit facility expires on December 31, 2011. All other material terms remain unchanged.
The facility will be used for general corporate purposes.
Metro International was advised in this transaction by Banque Invik.
***
For further information, please visit www.metro.lu, or contact:
Pelle Törnberg , President & CEO
Tel: +44 20 7016 1300
Andrew Best , Corporate Communications
Tel: +44 20 7321 5022
Email: metro@sharedvalue.net
ABOUT METRO INTERNATIONAL
Metro is the largest and fastest growing international newspaper in the world. 69 Metro editions are published in 93 major cities in 21 countries in 19 languages across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated, metropolitan audience of over 18.5 million daily readers and more than 37 million weekly readers. Metro has an equal number of male and female readers and 70% are under the age of 45. Metro's advertising sales have grown at a compound annual rate of 44% since the launch of the first edition in 1995.
Metro International S.A. 'A' and 'B' shares are listed on the Stockholmsbörsen 'O-List' under the symbols MTROA and MTROB.