NPRO: REFINANCING OF BANK LOANS
Norwegian Property ASA has entered into a new loan agreement with DNB Bank ASA and Danske Bank, Norwegian Branch. The agreement includes a Term Loan of MNOK 2 400 million and a Revolving Credit Facility of NOK 400 million. The loan will be used for refinancing existing loans with the same banks. The duration of the new loan agreement is 3 years. Skandinaviska Enskilda Banken AB and Nordea Bank Norge ASA have accepted change of control for Norwegian Property’s other bank loan facility. For further information, please contact:Norwegian Property ASASvein Hov Skjelle, CEOPhone: +47 930