Kongsberg Gruppen ASA has on 22 March 2022 signed a new NOK 2.5 billion, multi-currency revolving credit facility. The facility has a 5 years’ term (2022- 2027) and may be extended by two additional years through two extension options.
The company’s existing NOK 2.3 billion credit facility, which would have expired in 2023, has consequently been cancelled.
Danske Bank, DNB, JP Morgan, Nordea and SEB were mandated lead arrangers and bookrunners for the transaction. SEB acted as coordinator and will also act as agent for the facility.
Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the energy, merchant, defence and aerospace industries. Kongsberg has approximately 11,000 employees in 40 countries.
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