Nokia signs 1.5-billion-euro sustainability-linked revolving credit facility

NEW DELHI: Nokia has signed a 1.5-billion-euro (~$1.77 billion) five-year multi-currency revolving credit facility (RCF) with sustainability-linked pricing, which adjusts the margins based on the Finnish telecom gear maker’s progress towards two key targets.

The new RCF, which includes two one-year extension options, has replaced the previous 1.41-billion-euro RCF agreement from June 18, 2019, Nokia said on Monday.