VR signed a EUR 200 million revolving credit facility tied to sustainability targets

VR signed a EUR 200 million revolving credit facility tied to sustainability targets

VR-Group Plc, stock exchange release, 19 May 2025 at 13:30 EEST

VR has signed a new EUR 200 million committed revolving credit facility agreement to strengthen its liquidity.  The agreement matures in the second quarter of 2028, and it includes two one-year extension options. The new revolving credit facility replaces the EUR 200 million agreement signed by the company in June 2021.

 The revolving credit facility is tied to VR's sustainability targets, which are measured using indicators derived from science-based targets: Scope 1 and 2 emissions and Scope 3 emissions excluding category 11 emissions. The credit facility is unsecured.

"The linking of the revolving credit facility agreement to VR's science-based targets is a concrete indication that we are committed to ambitious emission reduction targets. VR intends to halve its emissions by 2032 and aim for net zero emissions by 2040. Rail transport accounts for just 1% of all transport emissions. 95% of our passenger traffic is electric driven, while 85% of our rail logistics already run on fossilfree electricity. Additionally, we support our corporate customers in reaching their environmental goals. " says Janne Runsamo, Group Treasurer.

The coordinating lead arranger of the financing agreement was Danske Bank, with Nordea, OP Corporate Bank, and SEB acting as other lead arrangers.

VR-Group Plc