Kongsberg shifts gears on covenant structure for new €400m RCF

26 Jan 2012

Norwegian car parts supplier Kongsberg Automotive has agreed a new loan facility of more than €400m to refinance its outstanding bank debt.

The five year revolver, which was provided by DnB Bank and Nordea, is split into a $195m tranche, a €231m tranche and an overdraft facility of €35m.

The loan will be signed later in the first quarter. The facility will be reduced by €15m in the second quarter of ...

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