NPRO – First draw-down on new loan facilities effectuated
With reference to stock exchange announcement of 18 April 2011 regarding the establishment of new credit facilities for Norwegian Property ASA; the loan agreement has now been finalized in accordance with the terms previously communicated, and the conditions relating to the draw-down are fulfilled. As a result, Norwegian Property has today effectuated the first draw-down under the new credit facilities. Simultaneously, the previously syndicated facility maturing June 2012 has been cancelled and redeemed.
For additional information, please contact:
Svein Hov Skjelle, EVP & CFO, tel +47 930 55 566, shs@npro.no
Elise Heidenreich-Andersen, SVP IR, tel. +47 951 41 147, eha@npro.no
Norwegian Property is a focused and fully integrated office property company with 47 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 15.1 billion, is characterized by central location and attractive premises with low vacancy and high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.
Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.
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