Ericsson Extends Credit Facility

Ericsson extends $1B revolving credit facility through 2007

October 2, 2003

1 Min Read

STOCKHOLM -- Telefonaktiebolaget LM Ericsson has signed a USD one billion revolving credit facility with its core relationship banks. The new facility will replace the existing facility of USD one billion, which matures in September 2004. The new facility, maturing in September 2007, will take effect on the maturity of the existing facility, and is structured as a forward start agreement (FSA).

The FSA was coordinated by ABN AMRO, Citigroup, Nordea and SEB Merchant Banking. The following institutions have also joined the facility; BNP Paribas, Credit Agricole Indosuez, Deutsche Bank, Goldman Sachs Credit Partners L.P., HSBC, JPMorgan, Morgan Stanley, Svenska Handelsbanken and Swedbank.

LM Ericsson

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like