By Dominic Chopping
STOCKHOLM–Tele2 AB said Monday it has signed a 700 million euro ($741.1 million) sustainability-linked revolving credit facility, refinancing its existing EUR760 million facility dated Jan. 12, 2016.
The Sweden-based telecom company said this is its first facility that is linked to sustainability targets, while the margin adjustments are conditional upon the achievement of targets within climate and gender equality.
The facility has a tenor of five-years with two one-year extension options and will be used for general corporate purposes and working capital requirements, it added.
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