Sanoma uses term loan to buy Iddink

Education
By Mike Turner
05 Feb 2019

Sanoma, the Finnish learning and media company, has signed €550m of bank funding, some of it earmarked to fund its acquisition of Iddink, the Dutch educational platform and service provider.

The syndicated facility has a €250m four year term loan and a €300m revolving credit facility.

The term loan will be used for the Iddink acquisition, which is expected to be

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