Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Veidekke Capital/Financing Update 2015

Oct 28, 2015

3781_iss_2015-10-28_ba522f44-c632-4b74-933e-7b13887951f9.html

Capital/Financing Update

Open in viewer

Opens in your device viewer

Veidekke ASA: New loan agreement and higher credit facility

Veidekke ASA: New loan agreement and higher credit facility

Veidekke ASA has signed a new loan agreement with DNB Bank ASA today. The

agreement includes a credit facility of NOK 3.6 billion, due 2 November 2020.

The new agreement replaces a similar agreement from 2012, however the credit

facility has now been increased by NOK 0.5 billion compared to the previous

agreement.

Veidekke expects growth going forward and therefore wants to have financial

flexibility. The agreement with DNB provides a good basis for realizing this

growth strategy.

Veidekke has signed a Nibor-based loan agreement with a fixed loan margin. NOK

1.1 billion has currently been drawn under the credit facility, hence Veidekke's

available credit facility is NOK 2.5 billion.

Contact persons:

Finance Director: Jørgen G. Michelet; +47 917 43 856

Assistant Finance Director: Christopher M. Bjerke; +47 995 81 802

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1961994]