DONG Energy Signs Credit Facility
DONG Energy has signed a 5-year revolving credit facility of EUR 750 million to partly replace the existing EUR 1,500 million credit facility, dating from May 2005. The new facility is a central part of DONG Energy's total liquidity reserves. DONG Energy expects to maintain liquidity reserves of at least EUR 1,500 million through a mix of cash reserves, bilateral credit facilities and the newly signed facility.
The credit facility is supported by a select group of 11 Nordic and international banks, committing as mandated lead arrangers and bookrunners, with Nordea and Royal Bank of Scotland acting as active bookrunners and coordinators.
The facility is for general corporate purposes.
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