Ericsson's USD 2 billion credit facility successfully refinanced
Ericsson has refinanced its USD 2 billion multi-currency revolving credit facility
Tenor of five years with extension options
Facility to be used for general corporate purposes
Today, Ericsson (NASDAQ:ERIC) has signed a new USD 2 billion multi-currency revolving credit facility and refinanced its credit facility signed in 2007. The new facility has a tenor of five years, with two extension options of one year each, and the facility serves for general corporate purposes.
The refinancing of the credit facility was well received by the banks. With 18 banks participating (both existing banks and new ones), Ericsson has a very strong and well diversified bank group. All banks that had been invited to join the group accepted.
HSBC Bank plc and Nordea acted as coordinators.
NOTES TO EDITORS
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Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
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Source: Ericsson via Thomson Reuters ONE