Elkem ASA – New credit facilities of EUR 1,000,000,000
Oslo, 27 June 2022 Elkem ASA ("Elkem") has signed a new credit facilities agreement of EUR 1,000,000,000 (the "Facilities Agreement"). The Facilities Agreement is unsecured and consists of a revolving credit facility in the amount of EUR 500,000,000 and a term loan facility in the amount of EUR 500,000,000. The Facilities Agreement matures in 5 years but the revolving credit facility thereunder is featured with two one-year extension options, at the discretion of each lender. The Facilities Agreement is made available to Elkem for general corporate purposes, including the refinancing