Hafslund has today closed a revolving credit facility agreement of EUR 340 million with a bank syndicate with DnB Markets, Fokus Bank/Danske Bank and WestLB as mandated lead arrangers. The facility was well received in the market with over-subscription leading to scale-back of the banks' commitments.

 

The facility, which has a tenor of five years, will be used as an additional liquidity reserve and back up for commercial papers. This facility will replace the short-term facility of NOK 2.800 mill. which was established in January this year.

 

For further information please contact:

 

CFO Christian Berg + 47 22 43 57 01/ + 47 917 46 910