Norsk Hydro: Hydro signs revolving credit facility
(Thomson Reuters ONE) -
Norsk Hydro ASA has signed a USD 1,700 million syndicated revolving multi-
currency credit facility with a syndicate of 13 international banks. The
facility is for general corporate purposes.
Hydro has since 2007 had a USD 1,700 million revolving credit facility with
maturity in July 2014. This facility has remained undrawn. Hydro has now
established a new credit facility, replacing the facility which was to mature in
July 2014. The credit facility has a five-year tenor, and includes two one-year
extension options.
"This is a confirmation of our core banks' strong support to Hydro," Executive
Vice President and CFO Eivind Kallevik says. "The smooth process and the terms
concluded reflect trust built over many years, and is a great achievement for
the company," he says.
Commerzbank, Handelsbanken and Nordea acted as Co-ordinating Bookrunners and
Mandated Lead Arrangers on the transaction. In addition, BNP Paribas, Citibank,
Danske Bank, DNB, SEB and Société Générale acted as invited Bookrunners and
Mandated Lead Arrangers, and Goldman Sachs, ING, JP Morgan and Morgan Stanley
participated in the transaction as Lead Arrangers. Nordea acts as facility
agent, and Commerzbank acted as documentation agent.
Investor contact
Contact Rikard Lindqvist
Cellular +47 41751199
E-mail Rikard.Lindqvist(at)hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland(at)hydro.com
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: Norsk Hydro via Thomson Reuters ONE
[HUG#1743762]
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 317434
Anzahl Zeichen: 2293
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 159 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Norsk Hydro: Hydro signs revolving credit facility"
steht unter der journalistisch-redaktionellen Verantwortung von
Norsk Hydro (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
