Norsk Hydro ASA Secures USD 1 Billion Credit Facility for General Corporate Purposes

Norsk Hydro ASA Secures USD 1 Billion Credit Facility for General Corporate Purposes

(IN BRIEF) Norsk Hydro ASA announced the signing of a USD 1,000 million revolving multi-currency credit facility on February 15, 2024. The facility, with a two-year tenor and a one-year extension option, replaces the company’s previous undrawn USD 1,300 million revolving credit facility and is earmarked for general corporate purposes. Notably, the entire amount is available as a sub-facility swingline to address short-term liquidity needs. Credit Agricole CIB and DNB served as the coordinating Mandated Lead Arrangers and Bookrunners for the transaction, with additional participation from Danske Bank, ING, and several other prominent financial institutions. DNB will also act as the Facility Agent and Documentation Agent.

(PRESS RELEASE) OSLO, 16-Feb-2024 — /EuropaWire/ — The facility, which is available for general corporate purposes, carries a two-year tenor with a one-year extension option and replaces Hydro’s undrawn USD 1,300 million revolving credit facility. The entire amount is also available as a sub-facility swingline to cover short-term liquidity needs.

Credit Agricole CIB and DNB acted as the coordinating Mandated Lead Arrangers and Bookrunners on the transaction.

In addition, Danske Bank and ING acted as the Bookrunners, while BNP Paribas, Citibank, Goldman Sachs Bank, Handelsbanken, JP Morgan, Nordea Bank, and SEB participated in the transaction as Mandated Lead Arrangers.

DNB will act as Facility Agent and Documentation Agent.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Media Contacts:

Martine Rambøl Hagen
Head of Investor Relations
martine.rambol.hagen@hydro.com
+47 91708918

Anders Vindegg
Head of Media Relations, Group Communication
anders.vindegg@hydro.com
+47 93864271

SOURCE: Norsk Hydro ASA