Eltek signs Nkr1.3bn loan after Nera sale

Norwegian power conservation firm Eltek has signed a new Nkr1.3bn ($239.9m) loan to refinance outstanding bank debt after it sold Nera Networks this year.

  • 08 Jul 2011

The new loans, comprising a Nkr800m five year reducing revolver, a Nkr400m two year revolving overdraft facility and a Nkr100m committed guarantee line, were provided by Nordea. The five year revolver has an 18 month grace period and a Nkr400m bullet. The facilities replace debt totalling Nkr800m.

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