New bankfacility
(Thomson Reuters ONE) -
Reference is made to the Company's latest quarterly report released on 9 August
2010, in which the Company confirmed that it had over the last few months been
working on a complete refinancing of the Company's bank-facility and expected
this to be completed within a short period of time. The Company is today pleased
to announce that the new facility is fully committed. Finalization of the
documentation of the loan facility and the subsequent draw-down are expected to
take place within the next weeks. The terms and covenant-structure are in line
and similar to the current financing.
The new facility will be in the total amount of USD 650 million, split into a
term loan of USD 450 million and a revolving credit facility of USD 200 million.
The new facility will be a five year loan with 20 equal installments.
As a result of this refinancing, the Company reduces its repayment-commitments
by USD 87 million in 2010, USD 80 million in 2011 and USD 50 million in 2012.
The loan is committed by a group of ten banks lead by Nordea Bank Norge ASA, DVB
Bank SE and ING Bank N.V.
Limassol, 16 August 2010
Questions should be directed to:
Geir Karlsen, CFO +47 23 01 14 24 / +47 91 60 83 32
Tom Jebsen, Senior Vice President +47 23 01 14 31 / +47 90 74 79 97
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1438055]
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Source: Songa Offshore SE via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 16.08.2010 - 08:36 Uhr
Sprache: Deutsch
News-ID 39696
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contact information:
Town:
Oslo
Kategorie:
Business News
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"New bankfacility"
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