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MarketScreener Homepage  >  Equities  >  Xetra  >  Cermaq ASA    C5M   NO0010003882

CERMAQ ASA (C5M)
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Cermaq ASA : Cermaq refinances long term credit facilities

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10/23/2012 | 02:05am EST

Cermaq ASA has signed a term sheet with Danske Bank, DNB, Handelsbanken and Nordea to refinance two of its credit facilities amounting to a total of NOK 1.500m.   

Maturity of the credit facilities has been extended from 2013 to 2016, and the main terms and conditions reflect Cermaq's good credit standing and strong commitment from the Syndicate banks. Together with the recently announced bond issue, the total available long term credit commitments in Cermaq have been increased to NOK 4.600m with an average maturity of 39 months.

The final loan agreement is expected to be in place by the end of 2012, and the funds will be used for general corporate purposes, to support Cermaq's growth strategy.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Cermaq ASA via Thomson Reuters ONE

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