NSN signs 1.3 bln euro credit facility -Nokia CFO

HELSINKI | Thu Jan 26, 2012 8:33am EST

HELSINKI Jan 26 (Reuters) - Nokia Siemens Networks has signed a 1.3 billion euro ($1.69 billion) credit facility, Nokia's chief financial officer said on Thursday.

Nokia Siemens Networks raised the money from a group of 14 European and U.S. banks as it looks to restructure the business and pay costs of a big redundancy programme, a source close to the deal told Reuters earlier this week.

NSN was originally seeking to raise 1.5 billion euros, but had to settle for a smaller amount due to market turmoil.

($1 = 0.7708 euros) (Reporting By Tarmo Virki)

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