Ericsson - invitation to noteholders to tender their notes

  • 07 June 2012
 

Slaughter and May advised Telefonaktiebolaget LM Ericsson (publ) (the 'Company') on an invitation made to holders of €600,000,000 5.00% notes due 2013 and €375,000,000 floating rate notes due 2014 to tender the notes for repurchase by the Company for cash. The Company currently proposes to accept for purchase up to €500,000,000 in aggregate nominal amount of notes (although the Company reserves the right, in its sole discretion, to accept less than or more than such amount).

The reason for the purchase is to reduce gross debt and improve the Company's net interest income.

 
 

Contacts

 

Financing: Stephen Powell (partner), Jonathan Keane (associate)

 
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