Oslo, Norway, 04 July2023: Cloudberry ("Cloudberry" or the "Company") has today
increased its available credit facility with NOK 800 million to a total of NOK
2 200 million, with a possibility to increase the facility with an additional
NOK 300 million.
The credit facility agreement is entered into between Cloudberry Production AS,
a wholly owned subsidiary, and a bank syndicate consisting of Sparebank 1 SR
-Bank, Sparebank 1 Nord-Norge and Sparebank 1 Østlandet. The facility gives
Cloudberry a strong flexibility to finance and grow our renewable asset base in
the Nordics at an interest margin below 2%.
"This significantly strengthens the partnership with our local savings bank
syndicate, and we are pleased to have their support as we continue to accelerate
the energy transition to a more sustainable future", says Anders Lenborg, CEO
Cloudberry.
"We are pleased with our cooperation with Cloudberry as they continue with their
contribution to the ongoing electrification of our society by providing
renewable energy into the mix", says Tore Medhus, director of large corporates
in SpareBank 1 SR-Bank ASA.
For further information, visit our company and IR website www.cloudberry.no or
contact:
Anders Lenborg, CEO, +47 934 131 30, al@cloudberry.no
Christian Helland, CVO, +47 418 80 000, ch@cloudberry.no
Ole-Kristofer Bragnes, Senior Financial Officer, +47 917 03 415,
okb@cloudberry.no
This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.
About Cloudberry Clean Energy:
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange's main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg, Eskilstuna, Sweden and Lemvig, Denmark. To learn
more about Cloudberry, go to www.cloudberry.no.