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12 Oct 2006 Refinancing of existing syndicated credit facility
Norske Skog has mandated a group of relationship banks to arrange a €400,000,000 Multi-currency Revolving Credit Facility, which will carry a maturity of 5 years and 3 months. The purpose is to refinance Norske Skog's existing €400,000,000 7 year Multi-currency Revolving Credit Facility dated 21st October 2002, which matures partly in 2007 and partly in 2009. The new facility will become part of the company's liquidity reserve, as was the case also with the old one.
The Joint Mandated Lead Arrangers and Bookrunners are Danske Bank A/S, ING Wholesale Banking, The Royal Bank of Scotland plc and SEB Merchant Banking.
Oxenøen, October 12, 2006
NORSKE SKOG
Corporate Communication
Contact persons:
Odd-Geir Lyngstad, VP Corporate Treasury, + 47 6759 9274
Jarle Langfjæran, VP Investor Relations, + 47 6759 9338
Arne Muehlholm, SEB Merchant Banking, + 44 20 7329 6679
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