Tele2 signs its first Sustainability-Linked Revolving Credit facility
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) today announces it has signed its first Sustainability-Linked Revolving Credit Facility, further underlining Tele2’s commitment to be a leader in sustainability.
The Sustainability-Linked Revolving Credit Facility (RCF) is linked to sustainability targets and the margin adjustments are conditional upon the achievement of targets within climate and gender equality.
- This credit facility and the scope of the targets are further evidence of how our sustainability strategy is an integrated part of our business operations. It follows the issuance of our first sustainability-linked bond earlier this year and provides further tangible links to the implementation of our sustainability strategy, says Charlotte Hansson, CFO, Tele2.
The EUR 700 million RCF refinances Tele2’s existing EUR 760 million facility dated 12 January 2016 with a group eight banks. The RCF has a tenor of five-years with two one-year extension options and will be used for general corporate purposes and working capital requirements.
ING Belgium SA/NV, Nordea Bank and Skandinaviska Enskilda Banken (publ) acted as Coordinating Mandated Lead Arrangers and Bookrunners. Nordea Bank acted as Sustainability Coordinator. Crédit Agricole CIB, Deutsche Bank Luxembourg S.A., DNB ASA, Sweden Branch, Svenska Handelsbanken and Swedbank AB (publ) joined in syndication as Mandated Lead Arrangers and Bookrunners.
Read more about Tele2’s sustainability strategy and targets here.
For more information, please contact:
Fredrik Hallstan, Head of PR, Phone: +46 761 15 38 30
Pernilla Grennfelt, Interim Head of Investor Relations, Phone: +46 701 66 31 74
About Tele2
Tele2’s purpose is to enable a society of unlimited possibilities. Ever since Tele2 was founded in 1993, we have continued to challenge prevailing norms and dusty monopolies. Today our networks enable mobile and fixed connectivity, telephony, data network services, TV, streaming and global IoT solutions for millions of customers. We drive growth through customer satisfaction and smart combined offerings. Tele2 has been listed on Nasdaq Stockholm since 1996. In 2021, Tele2 generated revenue of SEK 27 billion and reported an underlying EBITDAaL of SEK 10 billion. For latest news and definitions of measures, please see our homepage www.tele2.com
