Noreco: Successful Closing of USD 1.1 Billion Reserve Based Lending Facility

Noreco's cash drawings under the existing RBL are USD 751 million, while the Facility has cash drawing capacity of USD 1.0 billion based on the current Borrowing Base. Noreco's cash drawings under the existing RBL areUSD 751 million, while the Facility has cash drawing capacity ofUSD 1.0 billionbased on the current Borrowing Base. In line with Noreco's commitment to ESG, the Facility will include KPIs based on emissions intensity and renewable electricity generation that will...

OSLO, Norway, 05/05/2021 (informazione.news - comunicati stampa - energia)

Noreco's cash drawings under the existing RBL are USD 751 million , while the Facility has cash drawing capacity of USD 1.0 billion based on the current Borrowing Base.

In line with Noreco's commitment to ESG, the Facility will include KPIs based on emissions intensity and renewable electricity generation that will progressively adjust the margin payable through the life of the Facility.  

 said Euan Shirlaw , Chief Financial Officer in Noreco.

Euan Shirlaw , CFO 
Phone: +44 7979 690622
Email: es@noreco.com

Cathrine Torgersen , EVP Investor Relations & Communications 
Phone: +47 91 52 85 01 
Email: ct@noreco.com

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