Today, Norske Skog has signed a 5-year revolving credit facility of USD 500 million.  The deal has been entered with a syndicate of top-tier Nordic and International banks. The new credit facility will constitute part of Norske Skog's liquidity reserves, and replaces the existing undrawn USD 450 million transaction originally signed Dec 10, 1998.

 

Norske Skog has obtained competitive terms. The credit facility was arranged by Citigroup, Danske Bank, and HSBC.

 

 

Oxenøen, 02.04.2004

NORSKE SKOG

 

 

 

Contacts Financial Markets:

Jarle Langfjæran, Vice President, Investor Relations, 6759 9338 or 9097 8434.

Odd-Geir Lyngstad, Vice President, Corporate Funding, 6759 9274 or 9767 2806.

 

Contact Media:

Hanne Aaberg, Senior Vice President, Corp Comm, 6759 9029 or 9135 1681.