Nokia Siemens Networks renews syndicated loan facility

(PresseBox) (Espoo, ) Nokia Siemens Networks has signed forward starting term and multicurrency revolving facilities agreement valued at €1.305bn with 15 international banks, to replace Nokia Siemens Networks' existing revolving credit facility when it matures in June 2012.

The committed facilities are comprised in equal parts of a revolving credit facility maturing in June 2015 and a term loan facility that matures in June 2013. They will be used for general corporate purposes.

"Nokia Siemens Networks is very pleased to have secured the strong support of an excellent group of global banks," said Marco Schroeter, chief financial officer of Nokia Siemens Networks. "Given current conditions in the credit markets, securing this facility is a strong endorsement of the company's bold new strategy and restructuring plan."

The Mandated Lead Arrangers and Bookrunners are Bank of America Merrill Lynch, Barclays Capital, Citi, Credit Suisse, J.P. Morgan, Merchant Banking, Skandinaviska Enskilda Banken AB (publ), Nordea, Pohjola Bank plc, The Royal Bank of Scotland plc, Société Générale Corporate & Investment Banking and Standard Chartered Bank. Other participants in the facilities are Australia and New Zealand Banking Group, Banco Santander, Crédit Agricole Corporate and Investment Bank and KfW.

The facilities were signed on December 21, 2011.

Nokia Siemens Networks

Nokia Siemens Networks is a leading global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland. www.nokiasiemensnetworks.com

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