Ericsson's refinances $2 bn credit facility

Ericsson has refinanced its USD 2 billion multi-currency revolving credit facility and refinanced its credit facility signed in 2007.

The new facility has a tenure of five years with two extension options of one year each and will be used for general corporate purposes.

The refinancing of the credit facility was well received by the banks. With 18 banks participating (both existing banks and new ones), Ericsson has a very strong and well diversified bank group. All banks that had been invited to join the group accepted.

HSBC Bank plc and Nordea acted as coordinators for Ericsson's refinancing $2 bn credit facility.