NSN confirms EUR1.3 billion loan - Mobile World Live

NSN confirms EUR1.3 billion loan

27 JAN 2012

Nokia Siemens Networks (NSN) signed "forward starting term and multicurrency revolving facilities agreements" worth EUR 1.3 billion with 15 international banks, replacing a credit facility that matures in June this year. As previously reported, half of the funding will come in the form of a revolving credit facility maturing in June 2015 and a term loan facility maturing two years earlier. The deal was signed on 21 December and is thought to cover a major business restructure and NSN’s significant redundancy programme.

Author

Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

Read more

Related

Tags