Nokia Siemens Networks Secures EUR2 Billion Syndicated Loan

   DOW JONES NEWSWIRES 
 

Nokia Siemens Networks said Wednesday it has secured a EUR2B syndicated loan.

 
   MAIN FACTS: 

-Multi-currency revolving credit facility signed with syndicate of 21 banks, after over-subscribed process.

-3-year facility for general corporate purposes including the refinancing of other bilateral facilities.

-Loan will provide a more efficient capital structure.

-Facility was oversubscribed from its initial launch amount of EUR1.5B and subsequently increased to EUR2B.

-Mandated Lead Arrangers and Bookrunners are Banc of America Securities, Barclays Capital, BNP Paribas, Calyon Credit Agricole CIB, Citigroup Global Markets, J.P. Morgan, Nordea Finland, The Royal Bank of Scotland and SG Corporate & Investment Banking.

-Other participants in the facility are Banco Bilbao Vizcaya Argentaria, Bank of China, Commerzbank Aktiengesellschaft, Credit Suisse, Pohjola Bank, Santander, Standard Chartered Bank, Australia and New Zealand Banking Group, Industrial and Commercial Bank of China, KfW IPEX-Bank, Sampo Bank and Goldman Sachs Bank USA.

-By Stockholm Bureau, Dow Jones Newswires; [phone]; [e-mail]