Opera increases Credit Facility
Opera has signed an agreement with DNB Bank ASA to increase the size its secured credit facility (“facility”) from $150 million to $250 million, of which $60 million is a 3 year term loan and $190 million is a 3 year Revolving Credit Facility . The new facility will primarily be secured through a share pledge in Opera Software International AS and floating charges over accounts receivable in Opera Software ASA and certain of its US subsidiaries. The new facility has a term of 3 years and has the same terms as the existing facility. Opera Software intends to use the financing for general corporate purposes
Petter Lade, Investor Relations
Tel: +47 2369 2400
About Opera Software ASA
Opera enables more than 350 million internet consumers worldwide to connect with the content and services that matter most to them and more than 130 mobile operators to deliver the very best possible internet experience to their subscriber base. Opera also helps publishers monetize their content through advertising and advertisers reach the audiences that build value for their businesses, capitalizing on a global consumer audience reach that exceeds 800 million.