Elcoteq signs loan facility

The loan is a five-year, syndicated revolving credit facility and replaces the existing MEUR 105 facility, which was due to begin amortizing in March 2005. In addition the new loan facility will be used for general corporate purposes. The Mandated Lead Arrangers of the syndicated euro credit facility are ABN AMRO Bank, Danske Bank, Sampo Bank, and SEB Merchant Banking. The other participating banks are Nordea, OKO Bank, Bank Austria Creditanstalt/HVB Hungary, Vereins- und Westbank, Banco Bilbao Vizcaya Argentaria, The Royal Bank of Scotland, and HSH Nordbank.