Aker Solutions Signs New Revolving Credit Facility
Aker Solutions has signed a new NOK 2 billion Revolving Credit Facility (the "Facility") through a bank deal. The Facility is structured with 18 months tenor with an option at the discretion of Aker Solutions to extend the maturity with a further 18 months.
Nordea Bank Norge ASA ("Nordea") and Merchant Banking, Skandinaviska Enskilda Banken AB (publ) ("SEB") acted as Coordinators. Nordea is acting as Documentation Agent and SEB is Facility Agent. In addition to SEB and Nordea, DnB NOR Bank ASA and Handelsbanken, Norwegian Branch of Svenska Handelsbanken AB (publ), participated in the club deal as Mandated Lead Arranger.
The Facility will be used for general corporate purposes.
The margin is 1.75 percent over NIBOR with a price grid based on the gearing ratio.
- Aker BP Buys Hess' Norway Unit For $2B (Oct 24)
- Aker Completes More Than Two-Thirds of Cost-Cutting Program (May 09)
- Aker Solutions Reduces Total Headcount by Almost 5,000 Since 2014 (Mar 30)