Noreco: Underwritten RBL Increase to USD 1.1 Billion and Maturity Extension

The USD 1.1 billion facility will be fully underwritten by BNP Paribas, Deutsche Bank, ING Bank, Lloyds Bank and Natixis.   TheUSD 1.1 billionfacility will be fully underwritten by BNP Paribas, Deutsche Bank, ING Bank, Lloyds Bank and Natixis.   "I am pleased to announce that we now have in place an underwritten agreement to increase and extend our RBL facility, ensuring the Company has a solid financial platform with significant liquidity, a robust capital structure and enhanced...

The USD 1.1 billion facility will be fully underwritten by BNP Paribas, Deutsche Bank, ING Bank, Lloyds Bank and Natixis.  

"I am pleased to announce that we now have in place an underwritten agreement to increase and extend our RBL facility, ensuring the Company has a solid financial platform with significant liquidity, a robust capital structure and enhanced commercial flexibility.  We continue to benefit from a strongly supportive RBL bank group, and today's announcement demonstrates the long-term value proposition of Noreco's participation in the Danish Underground Consortium (the "DUC") and further evidences the Company's proactive approach to enhancing this position," said Euan Shirlaw, Chief Financial Officer at Noreco.

Contacts: 

Euan Shirlaw, Chief Financial Officer 
Phone: +44 7979 690622
Email: [email protected]

Cathrine Torgersen, EVP Investor Relations & Communications 
Phone: +47 91 52 85 01 
Email: [email protected]

About Norwegian Energy Company ASA

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The Company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.

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