Kvaerner in Nkr3bn demerger loan

Norwegian engineering and construction company Kvaerner has signed a Nkr3bn ($541m) deal as part of its split from Aker Solutions and to support the planned listing of the company on the Oslo stock exchange.

  • 23 Jun 2011
The deal was signed in two tranches: a Nrk500m three year term loan facility and a five year Nkr2.5bn revolver. The first tranche will carry a fixed margin of 150bp with a step-up mechanism after 18 months, while the second is tied to a ratchet with an initial ...

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