Nokia today announced the syndication of a USD 1.75 billion multi-currency revolving credit line. The facility will supplement Nokia’s existing undrawn funding programmes and is intended to be used for commercial paper backstop purposes.
The two-tranche facility consists of a $750 million 364-day tranche and a $1,000 million 5-year tranche, and will be lead arranged by Bank of America Securities Limited, Deutsche Bank AG, and J.P. Morgan plc. Syndication is anticipated to close at the end of May.
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
Further information:
Nokia
Corporate Communications
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www.nokia.com