Aker Solutions ASA signing a NOK 2 billion Revolving Credit Facility
Aker Solutions has signed a new NOK 2 billion Revolving Credit Facility (the "Facility") through a bank deal. The Facility is structured with 18 months tenor with an option at the discretion of Aker Solutions to extend the maturity with a further 18 months.
Nordea Bank Norge ASA ("Nordea") and Merchant Banking, Skandinaviska Enskilda Banken AB (publ) ("SEB") acted as Coordinators. Nordea is acting as Documentation Agent and SEB is Facility Agent. In addition to SEB and Nordea, DnB NOR Bank ASA and Handelsbanken, Norwegian Branch of Svenska Handelsbanken AB (publ), participated in the club deal as Mandated Lead Arranger.
The Facility will be used for general corporate purposes.
The margin is 1.75 percent over NIBOR with a price grid based on the gearing ratio.
ENDS
For further information, please contact:
Media:
Jannik Lindbæk, SVP Corporate Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 977 55 622
Jannik Lindbæk, SVP Corporate Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 977 55 622
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194
Career opportunities:
Visit http://www.akersolutions.com/Internet/CareerCentre
Visit http://www.akersolutions.com/Internet/CareerCentre
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 26 000 people in about 30 countries.
Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.