References/13 Dec 2023

Borenius advised Nokian Tyres on a EUR 200 million sustainability-linked revolving credit facility

We advised Nokian Tyres plc on a EUR 200 million sustainability-linked revolving credit facility granted by a group of five banks. The new facility will replace Nokian Tyres’ existing revolving credit facilities, and it will be used as a backup for general corporate purposes. The new facility has a maturity of three years with two one-year extension options.

The margin of the sustainability-linked revolving credit facility will increase or decrease depending on whether Nokian Tyres can meet its sustainability performance targets related to Scope 1, 2, and 3 reductions.

Nokian Tyres develops and manufactures premium tyres for people who value safety, sustainability and predictability. In 2022, Nokian Tyres’ net sales totaled EUR 1,350 million. Nokian Tyres is listed on Nasdaq Helsinki.

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Service areas

Team

Niina Nuottimäki

Partner

Helsinki

Jill Winter

Senior Associate

Helsinki