Telia Company signs a EUR 1,200 million sustainability linked revolving credit facility

Via Telia Company

Sep 9, 2022

Telia Company has signed a new dual tranche EUR 1,200 million Revolving Credit Facility with a group of twelve relationship banks. The Facility has a tenor of 5 years and includes two extension options of one year each, subject to approval of the lenders. This facility will** replace the existing EUR 1,500 million credit facility **dated September 30, 2016, ensuring full eligibility given its extended maturity under the rating agencies’ liquidity models.

This new loan facility has a clear connection to Telia’s sustainability strategy, as the loan margin is linked to Telia’s sustainability performance within climate, diversity and digital skills.

Per Christian Mørland, Telia Company Chief Financial Officer, says: “Sustainability is integrated into Telia’s business strategy. As the leading digital communications provider to the societies of the Nordics and Baltics, we are at the heart of how our region digitizes in a sustainable way. We are therefore very happy that our updated core bank group supports us on this journey, by providing a new loan facility that is linked to our ambitious sustainability goals. Entering into this agreement reflects our commitment to constantly reinvent better for all our stakeholders.”

Bank of America, Barclays Bank, BNP Paribas, Citi and Nordea Bank acted as coordinators and Mandated Lead Arrangers and Bookrunners. BNP Paribas and Nordea Bank also acted as ESG coordinators.

Signing in as Mandated Lead Arrangers and Bookrunners are Credit Agricole Corporate and Investment Bank, Danske Bank, Goldman Sachs Bank, Morgan Stanley Bank, OP Corporate Bank, SEB and NatWest Markets.

Read more about our Telia’s sustainability goals and performance here .

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