Norske Skog - Covenant reset
(Thomson Reuters ONE) -
Norske Skog has reached an agreement with its bank syndicate resetting first
quarter 2013 covenants related to the revolving credit facility (RCF). The new
covenants are a leverage ratio of 5.75:1 and an interest cover ratio of 1.75:1.
The size of the RCF was reduced to EUR 70 million, from EUR 140 million, a size
more in line with actual back-up liquidity requirements of the group. Norske
Skog is working on refinancing the bank facility, and has a continuous dialogue
with its four relationship banks regarding possible covenant resets for later
quarters.
Norske Skog, Communications and Public Affairs
For further information:
Norske Skog media: Norske Skog financial market:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Tom Rogn
Mob: +47 917 63 117 Mob: +47 948 55 659
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norske Skog via Thomson Reuters ONE
[HUG#1684910]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2013 - 09:17 Uhr
Sprache: Deutsch
News-ID 238864
Anzahl Zeichen: 1722
contact information:
Town:
Lysaker
Kategorie:
Business News
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