Veidekke ASA has refinanced its current bank loans totalling NOK 4.6 billion
which were falling due in 2020. The refinancing extends the company's debt
maturity profile.
The new agreements comprise a multi-currency overdraft facility with DNB
totalling NOK 3.6 billion, with maturity in November 2021, and a revolving 18
-month, NOK 2.3 billion credit facility with SEB with a 12-month extension
option.
The agreements give Veidekke a robust financial platform and significant
liquidity reserves for future operations.
For more information, contact:
Jørgen G. Michelet, SVP, Finance, +47 917 43 856, jorgen.michelet@veidekke.no
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
For press photos, see www.flickr.com/photos/veidekke
Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner
-pa-meldinger/)
Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of building construction and civil
engineering contracts, develops residential projects, maintains roads, and
produces asphalt and aggregates. The company is known for its involvement and
local knowledge. Its annual turnover is NOK 36 billion, and half of its 8,600
employees own shares in the company. Veidekke is listed on the Oslo Stock
Exchange and has always posted a profit since it was founded in 1936.