Nokia Siemens Networks secures €2bn syndicated loan
Nokia Siemens Networks has signed a EUR 2 bn multi-currency revolving credit facility with a syndicate of 21 international banks, following a process that was over-subscribed.
The 3-year Facility will be used for general corporate purposes including the refinancing of other bilateral facilities. The syndicated loan will provide a more efficient capital structure for Nokia Siemens Networks. The facility was oversubscribed from its initial launch amount of EUR 1.5 billion and subsequently increased to EUR 2 billion.
“Given the current environment in the credit markets, Nokia Siemens Networks is delighted to have secured the strong support of an excellent group of banks from across the world. The fact that the offer was over-subscribed emphasizes the level of confidence the financial community has in our position as a long-term winner and industry leader,” said Luca Maestri, Chief Financial Officer.
The Mandated Lead Arrangers and Bookrunners are Banc of America Securities Limited, Barclays Capital, BNP Paribas S.A., Calyon Crédit Agricole CIB, Citigroup Global Markets Limited, J.P. Morgan PLC, Nordea Finland PLC, The Royal Bank of Scotland plc and SG Corporate & Investment Banking. Other participants in the facility are Banco Bilbao Vizcaya Argentaria S.A., Bank of China Limited, Commerzbank Aktiengesellschaft, Credit Suisse, Pohjola Bank plc, Santander, Standard Chartered Bank, Australia and New Zealand Banking Group Limited, Industrial and Commercial Bank of China Limited, KfW IPEX-Bank GmbH, Sampo Bank plc and Goldman Sachs Bank USA.
About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland.
www.nokiasiemensnetworks.com
The 3-year Facility will be used for general corporate purposes including the refinancing of other bilateral facilities. The syndicated loan will provide a more efficient capital structure for Nokia Siemens Networks. The facility was oversubscribed from its initial launch amount of EUR 1.5 billion and subsequently increased to EUR 2 billion.
“Given the current environment in the credit markets, Nokia Siemens Networks is delighted to have secured the strong support of an excellent group of banks from across the world. The fact that the offer was over-subscribed emphasizes the level of confidence the financial community has in our position as a long-term winner and industry leader,” said Luca Maestri, Chief Financial Officer.
The Mandated Lead Arrangers and Bookrunners are Banc of America Securities Limited, Barclays Capital, BNP Paribas S.A., Calyon Crédit Agricole CIB, Citigroup Global Markets Limited, J.P. Morgan PLC, Nordea Finland PLC, The Royal Bank of Scotland plc and SG Corporate & Investment Banking. Other participants in the facility are Banco Bilbao Vizcaya Argentaria S.A., Bank of China Limited, Commerzbank Aktiengesellschaft, Credit Suisse, Pohjola Bank plc, Santander, Standard Chartered Bank, Australia and New Zealand Banking Group Limited, Industrial and Commercial Bank of China Limited, KfW IPEX-Bank GmbH, Sampo Bank plc and Goldman Sachs Bank USA.
About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland.
www.nokiasiemensnetworks.com
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