AF Gruppen — Capital/Financing Update 2016

Jun 14, 2016

AF Gruppen increases credit facility

AF Gruppen increases credit facility

Today, AF Gruppen has increased the existing

multicurrency overdraft facility with Danske Bank from

NOK 800 million to NOK 1,200 million.

The overdraft facility is up for renewal annually. AF

has, in addition to this multicurrency overdraft

facility, a revolving credit facility in Handelsbanken

of NOK 600 million as well as a credit facility of NOK

80 million in DNB.

AF Gruppen had net interest-bearing receivables of NOK

705 million (375) at the end of Q1 and the company's

credit and loan facilities were unutilised.

"This agreement and the increased credit limit secures

our funding over the next years, and provides us with

the flexibility we need to carry out the company's

growth strategy," says Sverre Hærem, CFO of AF Gruppen.

For further information:

Executive Vice President / CFO, Sverre Hærem, tel: +47

95 24 51 67

Finance manager, Lars Chr. Paulsen, tel: +47 90 02 59

69