Opera secures USD 100 million revolving credit facility
Oslo, 15 February 2013. Opera Software has signed a USD 100 million secured revolving credit facility with DNB Bank ASA. The 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 UK and US subsidiaries.
The facility has a term of 3 years and bears an interest rate of LIBOR + 1.75% p.a. (plus a utilization fee varying with the amount drawn). On the undrawn portion of the facility, a commitment fee of 0.61% p.a. will be paid. Opera Software intends to use the financing for general corporate purposes and potential acquisitions.
Petter Lade, Investor Relations
Tel: +47 23692400
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