Nokian Tyres plc has signed a syndicated sustainability-linked revolving credit facility of EUR 200 million with a group of five banks. The interest margin of the revolving credit facility will increase or decrease dependent on Nokian Tyres meeting sustainability performance targets related to Scope 1, 2 and 3 reductions. The new facility will replace a total of EUR 175 million of existing revolving credit facilities, and it will be used as a backup for general corporate purposes.

The three-year facility has two one-year extension options. Mandated Lead Arrangers and Bookrunners for the facility were Danske Bank A/S, Nordea Bank Abp, OP Corporate Bank Plc, Skandinaviska Enskilda Banken Ab (Publ) and Swedbank Ab (Publ).