Norsk Hydro: Hydro signs new USD 1,600 million and USD 800 million sustainability-linked revolving credit facilities
Rhea-AI Summary
Norsk Hydro (NHYDY) on 18 November 2025 signed two sustainability-linked revolving multi-currency credit facilities of USD 1,600 million and USD 800 million for general corporate purposes. The facilities replace Hydro’s undrawn USD 1,600 million and USD 1,000 million facilities and the entire amounts are available as sub-facility swinglines for immediate liquidity.
The facilities carry a margin that will be adjusted based on Hydro’s annual CO2 emission reduction targets per tonne of hot metal from electrolysis, linking borrowing costs to sustainability performance. DNB Carnegie, ING and SEB coordinated the transaction with a broader bank group participating; DNB is facility agent and ING and SEB are joint sustainability coordinators.
Positive
- Signed USD 1,600m sustainability-linked revolving credit facility
- Signed USD 800m sustainability-linked revolving credit facility
- Entire facility amounts available as sub-facility swinglines for liquidity
- Margin linked to CO2 targets, aligning financing with Hydro’s climate roadmap
Negative
- Total revolving capacity reduced by USD 200m (from USD 2,600m to USD 2,400m)
- Margin adjustment tied to CO2 targets could raise funding cost if targets miss
News Market Reaction – NHYDY
In the Nov 18 session, NHYDY declined 1.54%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Norsk Hydro ASA has on November 18, 2025, signed USD 1,600 million and USD 800 million revolving multi-currency credit facilities with the margin linked to Hydro’s greenhouse gas emission target.
The facilities, which are available for general corporate purposes, replace Hydro’s undrawn USD 1,600 million and USD 1,000 million revolving credit facilities. The entire amounts are also available as sub-facility swinglines to facilitate immediate liquidity needs.
The margin of the facilities will be adjusted based on Hydro’s progress to meet its annual targets to reduce CO2 emissions per tonne of hot metal from electrolysis.
“The successful refinancing is a testament to the strong relationship between Hydro and our core banking partners. The favorable terms and smooth execution reflect the deep trust cultivated over many years. By integrating a sustainability-linked structure into the facilities, we reaffirm our steadfast commitment to delivering on Hydro’s climate roadmap toward 2030, even amid a challenging macroeconomic environment," says Trond Olaf Christophersen, Hydro’s Chief Financial Officer.
DNB Carnegie, ING and SEB acted as the coordinating Mandated Lead Arrangers and Bookrunners on the transaction.
In addition, BNP Paribas, Citi, Crédit Agricole, Danske Bank, Goldman Sachs, Handelsbanken, J.P. Morgan and Nordea participated in the transaction as Mandated Lead Arrangers and Bookrunners.
DNB acts as Facility Agent and Documentation Agent, while ING and SEB are Joint Sustainability Coordinators.
Investor contact:
Elitsa Blessi
+47 91775472
Elitsa.Blessi@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
