Norske Skog - new bank facility
(Thomson Reuters ONE) -
Norske Skog has signed a three-year bank facility of EUR 140 million with DnB
NOR, SEB, Nordea and Citibank.
Covenants in the new bank facility are interest coverage (EBITDA /net interest
expense) and leverage ratio (net interest bearing debt/ EBITDA). The current
covenants in Norske Skogindustrier ASA's bank financing will be in place until
the existing facility of EUR 400 million is cancelled and repaid.
The process to refinance Norske Skog continues through new bond loan and
possible securitisation of accounts receivables.
Oxenøen, 27 May 2011
Norske Skog
Corporate communication
For further information:
Media: Financial markets:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Jarle Langfjæran
Mob: (+47) 917 63 117 Mob: (+47) 909 78 434
Senior Advisor Investor Relations
Frode Tegnér
Mob: (+47) 906 19 102
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#1519319]
Unternehmensinformation / Kurzprofil:
Datum: 27.05.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 55072
Anzahl Zeichen: 1978
contact information:
Town:
Lysaker
Kategorie:
Business News
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