Norsk Hydro Signs New USD 1,300M Revolving Credit Facility

Source: www.gulfoilandgas.com 4/27/2022, Location: Europe

Norsk Hydro ASA has on April 27, 2022, signed a USD 1,300 million short-term revolving multi-currency credit facility.

The facility, which is available for general corporate purposes carries a 12- month maturity with two sixth-month extension options at Hydro's discretion. The entire amount is also available as a sub-facility swingline to cover short-term liquidity needs.

BNP Paribas, Danske Bank and DNB acted as coordinating mandated lead arrangers and bookrunners on the transaction.

In addition, CACIB and ING acted as Bookrunners; whilst Citibank, Goldman Sachs Bank, Handelsbanken, JP Morgan, Nordea Bank, and SEB participated in the transaction as Mandated Lead Arrangers.

DNB will act as Facility Agent and Documentation Agent.


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