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Tele2 Signs Credit Facility Agreement of EUR 800 Million - Tele2 AB, (Tele2) announces that the company had entered into a 5+1+1 year revolving credit facility agreement of EUR 800 million with a syndicate of 11 banks - Tele2.com
Tele2 Signs Credit Facility Agreement of EUR 800 Million

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2016/01/13 - Tele2 AB, (Tele2) announces that the company had entered into a 5+1+1 year revolving credit facility agreement of EUR 800 million with a syndicate of 11 banks - Tele2.com. OMX Stockholm: TEL2A

   
 
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Tele2 has entered into a syndicated multi-currency revolving credit facility agreement amounting to EUR 800 million with 11 relationship banks. The facility has a tenor of five years with two one-year extension options and it replaces the existing revolving credit facility dated May 2012.

The new facility further strengthens Tele2's financial position and secures a structure of diversified funding sources.

The new facility is initially unutilized.

About Tele2

Tele2 (tele2.com) is one of Europe's leading telecom operators, always providing the best deal. We have 38 million customers in 11 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, cable TV and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2011, we had net sales of SEK 41 billion and reported an operating profit (EBITDA) of SEK 11.2 billion.

Contact: Louise Tjeder - Head of Investor Relations, Tele2 AB
P: +46 704 26 46 52

 
 
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Agency / Source: Tele2 AB

 
 

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Tele2 Signs Credit Facility Agreement of EUR 800 Million

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Tele2 AB |
Contact: Viktor Wallström - Tele2.com 
+46 703 63 53 27
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Tele2 AB securities in any jurisdiction including any other companies listed or named in this release.

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