Telia Company has signed a new dual tranche EUR 1.2 billion revolving credit facility with a group of 12 banks.

Telia said the credit facility has a tenor of 5 years and includes two extension options of one year each, subject to approval of the lenders. This facility will replace the existing EUR 1.5 billion credit facility dated September 30, 2016, ensuring full eligibility given its extended maturity under the rating agencies’ liquidity models.

This loan facility has a clear connection to Telia’s sustainability strategy, as the loan margin is linked to Telia’s sustainability performance within climate, diversity and digital skills.

“Our core bank group supports us by providing a new loan facility that is linked to our sustainability goals,” Telia CFO Per Christian Morland said.

Bank of America, Barclays Bank, BNP Paribas, Citi and Nordea Bank acted as coordinators and Mandated Lead Arrangers and Bookrunners. BNP Paribas and Nordea Bank also acted as ESG coordinators.

Signing in as Mandated Lead Arrangers and Bookrunners are Credit Agricole Corporate and Investment Bank, Danske Bank, Goldman Sachs Bank, Morgan Stanley Bank, OP Corporate Bank, SEB and NatWest Markets.