Finnish mobile operator Elisa has signed a €130m (US$176m) five-year syndicated revolving credit facility, with an option to extend it to 2021.
The revolver replaced an existing seven-year facility which was due to mature in November. The Helsinki…
Finnish mobile operator Elisa has signed a €130m (US$176m) five-year syndicated revolving credit facility, with an option to extend it to 2021.
The revolver replaced an existing seven-year facility which was due to mature in November. The Helsinki telco plans to use the loan for general corporate purposes.
Danske Bank, Nordea Bank, Pohjola Bank, Skandinaviska Enskilda Banken and Swedbank acted as mandated lead arrangers and bookrunners. Danske also acted as coordinator and Nordea was facility agent.
Elisa last hit the debt market in September 2013 when it placed a €300m senior bond to improve its debt profile.
Elisa describes itself as Finland’s market leader in mobile subscriptions and fixed broadband subscriptions. It reported annual revenues of €1.55bn for 2013.
