Cermaq ASA has today signed an agreement to amend and extend two of its multicurrency credit facilities
(Thomson Reuters ONE) -
These multicurrency credit facilities have a total credit limit of U.S $ 450
million and have a final maturity date in December 2011.
The facilities have today been amended into a credit facility of U.S. $200
million and NOK 1.500 million, in line with the group's need for funding in
these currencies. Maturity dates for the loan agreements are also extended, so
that U.S. $200 million expire 4th August 2015 and NOK 1.500 million expire 4th
August 2013. The covenant structure is agreed on basically the same terms as the
loan facilities currently in place, as outlined in the company's annual report
for 2009. Margins and other fees reflect Cermaq`s good credit rating and the
strong commitment from the group's relationship banks.
The bank group comprises of DnBNOR Bank ASA, Fokus Bank, Norwegian branch of
Danske Bank A/S, Nordea Bank Norge ASA and Handelsbanken, Norwegian branch of
Svenska Handelsbanken AB (publ.). Danske Bank A/S, DnBNOR Bank ASA and Nordea
Bank Norge ASA has acted as Mandated Lead Arrangers.
The facility will be used to fund the group's continued growth within Cermaq's
core activities.
For further information, please contact Tore Valderhaug, Chief Financial
Officer,
tel +47 23 68 50 38, mobile: +47 99 56 09 25
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1435807]
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Source: Cermaq ASA via Thomson Reuters ONE
Datum: 04.08.2010 - 13:47 Uhr
Sprache: Deutsch
News-ID 38674
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