Observer AB signs USD 200 million Credit Facility

10/5/2006 2:30 AM EST

Observer AB (publ) signed a USD 200 million five-year Credit Facility (the “Facility”) with a group of 9 banks on October 4, 2006.

The Facility was originally launched into the market at USD 175 million, but following a significant over-subscription, Observer decided to increase the facility amount to USD 200 million. The Facility will be used to refinance Observer’s existing syndicated facility of USD 175 million, signed on 18th June 2002.

Danske Bank, SEB Merchant Banking and Handelsbanken Capital Markets were the Mandated Lead Arrangers and Bookrunners for the Facility.

Banks joining as Arrangers were DnB NOR Bank and Fortis Bank. Co-Arrangers were Nykredit Bank, Nordea, Scotia and Swedbank.

Observer AB (publ)