Kongsberg signs credit facility with five banks

Kongsberg Gruppen ASA has signed a new NOK 1,500 million ($ 252 million) revolving credit facility with a syndicate of five banks.

The facility has a tenor of five years, plus two one-year extension options. The new facility is for general corporate purposes, and replaces the NOK 1,000 million revolving credit facility with maturity in June 2015, which KONGSBERG has had since 2007. The facility is undrawn.

“We are very pleased with the strong trust given to KONGSBERG from our core banks”, says Hans-Jørgen Wibstad, Chief Financial Officer of KONGSBERG

“This is an important milestone for KONGSBERG, and the terms of the facility reflects the strong trust and long term relationship that has been established”.

DNB Bank ASA acts as coordinator and facility agent for the facility. Bookrunners and Mandated lead arrangers are Danske Bank A/S, DNB Markets, a part of DNB Bank ASA, J.P. Morgan Limited, Merchant Banking,
Nordea Bank Norge ASA and Skandinaviska Enskilda Banken AB.

Press Release, April 10, 2014

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply