AF Gruppen — Capital/Financing Update 2019

Jun 25, 2019

New loan facilities for AF Gruppen

New loan facilities for AF Gruppen

AF Gruppen (AFG) has agreed new loan facilities with DNB and Handelsbanken. The facilities amount to NOK 3 billion and will replace the existing loan facilities of NOK 1.8 billion in Danske Bank and Handelsbanken.

The new agreements will consist of a multicurrency overdraft facility (duration rolling 1 year) of NOK 2 billion in DNB and a revolving credit facility (duration 3+1+1 year) of NOK 1 billion in Handelsbanken.

"These agreements 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: +47 952 45 167