The facility replaces the company’s existing USD 1,400m revolving credit facility signed in May 2006. The new facility has a tenor of five years and serves for general corporate purposes.
Citi, DNB Market, Handelsbanken Capital Markets and HSBC Bank PLC, acted as co-ordinators for the arrangement and syndication of the facility.
The credit facility was well received in the market and closed significantly oversubscribed. With 21 participating banks, both existing as well as new relationship banks, the credit facility is well diversified.
April 3, 2012
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