Swedish mobile operator Tele2 has secured a €1.2bn (US$1.54bn) five-year revolving credit facility with 12 banks.
The revolver, which is initially unutilised, will replace an existing facility that would have matured in 2013.
“The new facility…
Swedish mobile operator Tele2 has secured a €1.2bn (US$1.54bn) five-year revolving credit facility with 12 banks.
The revolver, which is initially unutilised, will replace an existing facility that would have matured in 2013.
“The new facility further strengthens Tele2’s financial position and secures an optimal structure of funding sources and diversification,” said Tele2 in a stock exchange announcement.
The coordinating bookrunners for the transaction were RBS and SEB. DNB acted as the documentation agent and Nordea as facility agent.
The other participating banks were Commerzbank, Credit Agricole, Danske, ING, Intesa Sanpaolo, Raiffeisen, Svenska Handelsbanken and Swedbank.
On 9 May, Tele2 announced it had priced a two-tranche bond totalling SKr2.3bn (US$356m).
Handlesbanken and Nordea were mandated as lead arrangers for these notes, which mature on 15 March 2017.
