Extension of revolving credit facility
Zurich, July 06, 2023: Kongsberg Automotive ASA (KA) has successfully extended its syndicated bank loan by 18 months. The revolving credit facility is now maturing in January 2025.The original facility was running from July 2018 to July 2023. Given its strong balance sheet position, KA decided to downsize the existing facility from EUR 50m to EUR 30m.Danske Bank and UBS commit to a EUR 15m line each. IR & Media Contact:Mads Langaardmads.langaard@ka-group.com+47 905 81 264 About Kongsberg Automotive ASAKongsberg Automotive provides cutting-edge technology to the