STOREBRAND ASA: Signed a EUR 200 million sustainability-linked Revolving Credit Facility
Storebrand ASA (“Storebrand”) has signed a EUR 200 million sustainability-linked syndicated multi-currency revolving credit facility agreement (the “RCF”) with a maturity of five (5) years. The RCF refinances an existing EUR 200 million syndicated revolving credit facility signed in December 2018 and will be used for general corporate purposes of the Group. The RCF has two one-year extension options at the discretion of the lenders. SEB acted as sole Coordinator and Sustainability Coordinator in the refinancing, and Swedbank as Facility Agent. The Mandated Lead Arrangers and Bookrunners are BNP Paribas, Danske Bank, DNB, Handelsbanken, J.P. Morgan, Nordea, SEB and Swedbank.
The margin of the RCF is linked to Storebrand’s progress in aligning its investments decisions with the goals of the Paris Agreement and the 1.5-degree climate target.
“This facility is important to us, and we are very grateful to the bank group for their continued support. Together we have established a structure that ties the facility to Storebrand’s sustainability goals in a constructive way” says Lars Aa. Løddesøl, CFO i Storebrand ASA.
Lysaker, 18 December 2024
For further inquiries, please contact:
Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569
Storebrand is a Nordic financial group, delivering increased security and financial wellness for people and companies. We offer sustainable solutions and encourage our customers to take good economic decisions for the future. Our purpose is clear: we create a brighter future. Storebrand has about 55.000 corporate customers, 2.2 million individual customers and manages NOK 1,347 billion. The Group has its headquarter at Lysaker outside of Oslo, Norway. Storebrand (STB) is listed on Oslo Stock Exchange.
This is information is subejct to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.