NEW LOAN FACILITY FOR KONGSBERG AUTOMOTIVE HOLDING ASA
12/22/2005 2:03 AM EST
KOA has signed a seven year loan agreement with
Nordea.
The total facility has a limit of NOK 1.070 mill
plus a working capital drawing right of NOK 200
mill. At the end of quarter 3 the company had a
gross syndicated loan financing of NOK 760 mill.
The new loan is a multi currency revolving
credit facility.
Based on the new conditions the interest
expenses for 2006 is expected to be NOK 12 mill
lower than for 2005.