Norsk Hydro: Hydro signs new USD 1,000 million revolving credit facility
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Norsk Hydro ASA has on February 15, 2024, signed a USD 1,000 million revolving multi-currency credit facility.
The facility, which is available for general corporate purposes, carries a two-year tenor with a one-year extension option and replaces Hydro’s undrawn USD 1,300 million revolving credit facility. The entire amount is also available as a sub-facility swingline to cover short-term liquidity needs.
Credit Agricole CIB and DNB acted as the coordinating Mandated Lead Arrangers and Bookrunners on the transaction.
In addition, Danske Bank and ING acted as the Bookrunners, while BNP Paribas, 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.
Investor contact:
Martine Rambøl Hagen
+47 91708918
Martine.Rambol.Hagen@hydro.com
Media contact:
Anders Vindegg
+47 93864271
Anders.Vindegg@hydro.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
FAQ
What is the purpose of Norsk Hydro ASA's USD 1,000 million credit facility?
Who were the coordinating Mandated Lead Arrangers and Bookrunners for the transaction?
Which financial institutions participated in the transaction as Mandated Lead Arrangers?
Who will act as Facility Agent and Documentation Agent for the credit facility?
What is the tenor of the credit facility and is there an extension option?
What is the contact information for investors and media regarding the credit facility?
