Ericsson Signs $2bln Sustainability-linked Revolving Credit Facility

(RTTNews) - Ericsson (ERIC) said that it has signed a $2 billion sustainability-linked revolving credit facility, renewing an undrawn $2 billion credit facility signed in 2013. The credit facility is backed by a group of leading global and regional banks.

The facility has a five-year tenor with two one-year extension options and will serve as a facility for general corporate purposes. With 18 banks participating, Ericsson has a very strong and diversified bank group.

HSBC and SEB acted as Coordinators for the facility, whilst SEB also acted as Sustainability Coordinator. Swedbank is the Facility Agent.