Elisa Oyj’s €130 Million Sustainability-Linked Revolving Credit Facility

Borenius advised the lenders on the deal.

Elisa has today signed a new, EUR 130 million syndicated sustainability-linked revolving credit facility. The five-year facility has an option to extend it by two years and it is intended for general corporate purposes. The facility replaces the facility of the same size that was signed in 2014, maturing in June 2022.

The mandated lead arrangers and bookrunners of the facility are Danske Bank, Handelsbanken, Nordea Bank, OP Corporate Bank, SEB and Swedbank.  Danske Bank acted as the coordinator, Handelsbanken as the sustainability coordinator and Nordea Bank as the facility agent.

As a sustainable future through digitalisation is at the core of Elisa’s operations, the facility agreement is linked to sustainability targets, and it includes incentives regarding carbon neutrality, high-speed mobile network availability and personnel diversity.
Elisa’s business activities focus on telecommunications and digital services. With digitalisation, they are providing solutions for sustainable development. During their 140-year history, they have always been enthusiastic about utilising new technologies and ways of working. Today Elisa serves over 2.8 million customers in Finland, Estonia and internationally, working daily to improve customer experience and quality.

The Borenius team included Niina Nuottimäki (Picture), Riikka Eronen, Jill Winter, Laura Renholm and Saara Haapamäki.

Involved fees earner: Riikka Eronen – Borenius Attorneys Ltd; Saara Haapamäki – Borenius Attorneys Ltd; Niina Nuottimäki – Borenius Attorneys Ltd; Laura Renholm – Borenius Attorneys Ltd; Jill Winter – Borenius Attorneys Ltd;

Law Firms: Borenius Attorneys Ltd;

Clients: Danske Bank – Finland Branch; Handelsbanken; Nordea Bank AB; OP Corporate Bank plc; SEB; Swedbank;

Author: Federica Tiefenthaler