Nokia dials in ESG-linked loan

Green Light Cable
By Mike Turner
19 Jun 2019

Crossover credit Nokia is the latest borrower to switch its bank debt to a sustainability-linked margin, with the Finnish phone company also lengthening the tenor of its revolving credit lines.

Nokia has signed a €1.5bn five year revolver with two one year extension options. This replaces a €1.58bn three year revolver signed in 2015 and amended to extend the maturity a year later. In total, 19 banks provided the 2015 loan. Citi, Deutsche Bank and Nordea coordinated the ...

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