Noreco fixes USD 1.0 billion interest rate exposure under RBL facility until June 2024

"Fixing our interest rate exposure is a further step taken by us to enhance pre-Tyra cashflow visibility and reduce uncertainty. Together with the Company's material hedging arrangements and recent proposed amendments to NOR14, we are continuing to optimise our capital structure in the near-term to deliver Tyra," said Euan Shirlaw, Chief Financial Officer in Noreco. "Fixing our interest rate exposure is a further step taken by us to enhance pre-Tyra cashflow visibility and reduce uncertainty...

"Fixing our interest rate exposure is a further step taken by us to enhance pre-Tyra cashflow visibility and reduce uncertainty. Together with the Company's material hedging arrangements and recent proposed amendments to NOR14, we are continuing to optimise our capital structure in the near-term to deliver Tyra," said Euan Shirlaw, Chief Financial Officer in 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]  

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https://news.cision.com/noreco/r/noreco-fixes-usd-1-0-billion-interest-rate-exposure-under-rbl-facility-until-june-2024,c3386157