References/24 Sep 2021

Borenius advised the lenders in connection with EUR 130,000,000 sustainability linked revolving credit facility for Elisa Oyj

We advised Danske Bank A/S, Finland Branch and other lenders in connection with Elisa’s EUR 130,000,000 sustainability-linked revolving credit facility. Elisa is a Finnish market leader in telecommunications and digital services.

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.

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Service areas


Niina Nuottimäki



Riikka Eronen



Jill Winter

Senior Associate


Laura Renholm