Cermaq ASA : Cermaq refinances long term credit facilities
Cermaq ASA has signed a term sheet with Danske Bank, DNB, Handelsbanken and
Nordea to refinance two of its credit facilities amounting to a total of NOK
1.500m.
Maturity of the credit facilities has been extended from 2013 to 2016, and the
main terms and conditions reflect Cermaq's good credit standing and strong
commitment from the Syndicate banks. Together with the recently announced bond
issue, the total available long term credit commitments in Cermaq have been
increased to NOK 4.600m with an average maturity of 39 months.
The final loan agreement is expected to be in place by the end of 2012, and the
funds will be used for general corporate purposes, to support Cermaq's growth
strategy.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: Cermaq ASA via Thomson Reuters ONE
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