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Ørsted — Capital/Financing Update 2011
Aug 17, 2011
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Download source fileDONG Energy A/S has today signed a EUR 1.3bn 5-year revolving credit facility,
which includes two 1 year extension options. The facility will replace the
existing EUR 750 million credit facility, signed in May 2010. The new facility
is a central part of DONG Energy´s total liquidity reserves.
With the new facility, DONG Energy increases its liquidity reserves taking
advantage of the recent improved terms and conditions for credit facilities in
the Euroloan market.
The credit facility has been arranged by DONG Energy and is supported by a
select group of 13 Nordic and international banks, committing as mandated lead
arrangers and bookrunners, with Nordea and The Royal Bank of Scotland plc
acting as coordinators.
The 13 banks are: Barclays Bank PLC, BNP PARIBAS, Danske Bank AS, Deutsche Bank
AG, DnB NOR Bank ASA, Handelsbanken, JPMorgan Chase Bank, N.A, MORGAN STANLEY,
Nordea, RABOBANK, SEB, SOCIETE GENERALE Corporate & Investment Banking and The
Royal Bank of Scotland plc. The facility is for general corporate purposes.
The content of this announcement does not alter the previously announced
expectations for DONG Energy's financial result for 2011 or the announced
expected level of investments.
For further information, contact:
Media Relations
Morten Kidal
+45 9955 9583
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750