Borregaard: Refinancing of long-term credit facilities
30 September 2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)
Borregaard has today entered into three separate bilateral multicurrency revolving loan facilities agreements with Svenska Handelsbanken, DNB Bank ASA and Skandinaviska Enskilda Banken, respectively. In total, the facilities are NOK 1,500 million with each bank providing NOK 500 million. The facilities have a tenor of five years, plus two one-year extension options. The new facilities are for general corporate purposes and replace the NOK 1,800 million revolving credit facilities with maturity in 2015 (one third) and in 2017 (two thirds).
Sarpsborg, 30 September 2014
Per Bjarne Lyngstad, CFO, Cell phone: +47 952 44 515
Jørn Syvertsen, Director Investor Relations, Cell phone: +47 958 36 335
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.