Capital/Financing Update • Mar 21, 2014
Capital/Financing Update
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Havila Shipping ASA: Bank agreements signed for refinancing of bond debt
Havila Shipping ASA has entered into agreements with banks for financing of a
total amount of up to MNOK 450.
The purpose is refinancing of MNOK 150 note issue (Havi 10) with maturity in
April 2014, and MNOK 300 bond issue (Havi 05) with maturity in December 2014.
The loans have maturity 3 years after drawdown with quarterly interest payment.
Further on there are no instalments, but the loans can during the period be
voluntary repaid in parts on borrowers decision.
The interest is based on NIBOR 3M and the margin is at a lower level than
expected for alternative refinancing in the bond market.
Other terms are also similar to unsecured bond debt.
Contacts:
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1770784]
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