24 Apr 2009

NOK 250 million in long-term loans from Innovation Norway

Norske Skog takes out a long-term loan of NOK 250 million in Innovation Norway.
The loan has a term of twelve years, the first two without installments, and is linked to the financing of development projects at Norske Skog Skogn. These projects will be implemented to improve competitiveness at the mill by reducing energy consumption and enhancing quality.
"We have had a very good and constructive dialogue with Innovation Norway. The new loan has favourable terms and will help further strengthen Norske Skog's financial position and the long-term maturity profile," says CEO Christian Rynning-Tønnesen.
Oxenøen, 24 April 2009
Norske Skog
Corporate affairs