Nokia Siemens Networks renews syndicated loan facility

Nokia Siemens Networks has signed forward starting term and multicurrency revolving facilities agreements valued at €1.305 billion (US$1.725 billion) with 15 international banks, to replace the company’s existing revolving credit facility when it matures in June 2012.

The committed facilities are comprised in equal parts of a revolving credit facility maturing in June 2015 and a term loan facility that matures in June 2013. They will be used for general corporate purposes.

The facilities were signed on December 21, 2011.