Ericsson extends revolving credit facility through 2007
Ericsson has signed a USD one billion revolving credit facility with its core banks. The new agreement matures in 2007, thus securing Ericsson's needs for this type of facility for the next several years.
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 co-ordinated 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.
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