Norsk Hydro: Hydro signs new USD 1,600 million and USD 800 million sustainability-linked revolving credit facilities
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.
Norsk Hydro (NHYDY) il 18 novembre 2025 ha firmato due linee di credito rinnovabili legate alla sostenibilità multi-valuta per USD 1,6 miliardi e USD 800 milioni destinate a scopi aziendali generali. Le facilities sostituiscono le linee di credito non utilizzate di Hydro per USD 1,6 miliardi e USD 1,0 miliardo, e l’intero importo è disponibile come sub-facility swinglines per liquidità immediata.
Le linee prevedono una marginalità che sarà adeguata in base agli obiettivi annuali di riduzione delle emissioni di CO2 di Hydro per tonnellata di metallo caldo proveniente dall’elettrolisi, collegando i costi di finanziamento alla performance di sostenibilità. DNB Carnegie, ING e SEB hanno coordinato la transazione con un più ampio gruppo bancario partecipante; DNB è facility agent e ING e SEB sono co-coordinatori della sostenibilità.
Norsk Hydro (NHYDY) el 18 de noviembre de 2025 firmó dos facilities de crédito renovables ligadas a la sostenibilidad, multi-divisa, por USD 1,6 mil millones y USD 800 millones para fines corporativos generales. Las facilities sustituyen las líneas de crédito no utilizadas de Hydro por USD 1,6 mil millones y USD 1,0 mil millones, y los montos completos están disponibles como sub-facility swinglines para liquidez inmediata.
Las facilities llevan un margen que se ajustará basado en los objetivos anuales de reducción de emisiones de CO2 de Hydro por tonelada de metal caliente de la electroquímica, vinculando los costos de endeudamiento al desempeño de sostenibilidad. DNB Carnegie, ING y SEB coordinan la operación con un grupo bancario más amplio; DNB es el agente de la facility y ING y SEB son coordinadores conjuntos de sostenibilidad.
Norsk Hydro (NHYDY) 은 2025년 11월 18일 일반 기업 목적의 다중통화 지속가능연계 신용시설 2건을 USD 1,600백만 및 USD 800백만으로 체결했습니다. 이 시설들은 Hydro의 사용하지 않은 USD 1,600백만 및 USD 1,000백만 시설을 대체하며, 전체 금액은 즉시 유동성을 위한 서브-시설 스윙라인으로 사용 가능합니다.
이 시설들은 연간 CO2 배출 저감 목표에 따라 조정될 마진을 적용하여, 전해에 의해 생산된 가열 금속 톤당 비용이 지속가능성 성과에 연결되도록 합니다. DNB Carnegie, ING, SEB가 거래를 조정했고, 더 넓은 은행 그룹이 참여했습니다. DNB가 시설 에이전트이고 ING 및 SEB가 공동 지속가능성 코디네이터입니다.
Norsk Hydro (NHYDY) le 18 novembre 2025 a signé deux facilités de crédit renouvelables liées à la durabilité, multi-devises, d’un montant USD 1,6 milliard et USD 800 millions pour des fins générales d’entreprise. Les facilités remplacent les lignes non utilisées de Hydro pour USD 1,6 milliard et USD 1,0 milliard, et les montants complets sont disponibles comme sub-facility swinglines pour une liquidité immédiate.
Les facilités comportent une marge qui sera ajustée en fonction des objectifs annuels de réduction des émissions de CO2 de Hydro par tonne de métal chaud produite par électrolyse, liant les coûts d’emprunt à la performance en matière de durabilité. DNB Carnegie, ING et SEB ont coordonné la transaction avec un groupe bancaire plus large participant; DNB est l’agent de la facility et ING et SEB sont les coordinateurs conjoints de durabilité.
Norsk Hydro (NHYDY) am 18. November 2025 unterschrieb zwei nachhaltigkeitsgebundene revolvierende Multi-Währungskreditfazilitäten in Höhe von USD 1,6 Milliarden und USD 800 Millionen zu allgemeinen Unternehmenszwecken. Die Fazilitäten ersetzen Hydro's ungenutzte Fazilitäten über USD 1,6 Milliarden und USD 1,0 Milliarden, und die gesamten Beträge stehen als Sub-Facility Swinglines für sofortige Liquidität zur Verfügung.
Die Fazilitäten tragen eine Marge, die basierend auf Hydro's jährlichen CO2-Emissionsreduktionszielen pro Tonne des durch Elektrolyse gewonnenen Roht metals angepasst wird, wodurch Kreditkosten an die Nachhaltigkeitsleistung gekoppelt werden. DNB Carnegie, ING und SEB haben die Transaktion koordiniert, wobei eine breitere Bankengruppe beteiligt war; DNB ist Facility Agent und ING sowie SEB sind gemeinsame Nachhaltigkeitskoordinatoren.
Norsk Hydro (NHYDY) في 18 نوفمبر 2025 وقّعت اثنتان من مرافق الائتمان المتعددة العملات المرتبطة بالاستدامة بمبالغ USD 1.6 مليار و USD 800 مليون لأغراض عامة للشركة. هذه المرافق تحل محل مرافق Hydro غير المُستخدمة من USD 1.6 مليار و USD 1.0 مليار، وتتوفر جميع المبالغ كمثل sub-facility swinglines لتوفير سيولة فورية.
تحمل هذه المرافق هامشاً سيتم تعديله بناءً على الأهداف السنوية لخفض انبعاثات CO2 لدى Hydro لكل طن من المعدن الساخن الناتج عن التحليل الكهربائي، مع ربط تكاليف الاقتراض بالأداء المستدام. قامت DNB Carnegie وING وSEB بتنسيق الصفقة بمشاركة مجموعة بنكية أوسع؛ وتُعد DNB الوكيل المرافق، بينما ING وSEB منسقان مشتركان للاستدامة.
- 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
- 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
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
FAQ
What credit facilities did Norsk Hydro (NHYDY) sign on 18 November 2025?
How do Hydro's new facilities link to sustainability targets for NHYDY?
Do Hydro’s new USD facilities provide immediate liquidity for NHYDY?
What did the new facilities replace for Norsk Hydro (NHYDY)?
Which banks coordinated Norsk Hydro’s (NHYDY) refinancing transaction?
