Noreco announces early repayment of NOK 250 million to NOR10 bondholders
Stavanger 2 July 2015: Norwegian Energy Company ASA (“Noreco”) announces an early repayment of NOK 250 million of NOR10 outstanding bonds. Following the announcement of reaching a settlement agreement with our partners in Denmark and the on-going process to monetise remaining assets and maximise value for stakeholders, the Board of Noreco has concluded that an early prorata repayment of NOK 250 million of principal and accrued interests (NOK 600 million of principal currently outstanding) will be made to the NOR10 bondholders as soon as practically possible. This repayment will be made