Akastor ASA completes refinancing of its corporate credit facility
Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST). Simultaneous with the completion of the transaction as announced per separate press release, Akastor has today completed a refinancing of its existing Revolving Corporate Credit Facility. The new Reducing Revolving Credit Facility consists of the following key elements; · a USD 89 million revolving credit (Facility A) to be reduced by USD 47.5 million on 31 March 2022; · a NOK 250 million revolving credit facility (Facility B); and · a NOK 250 million