Refinancing secured with DNB and Nordea
Over time Norsk Gjenvinning has worked diligently to become the leading recycling company in Norway by building a solid foundation for a sustainable business model – economically, environmentally and socially.
In connection with the maturity of Norsk Gjenvinning’s bond loan on July 10 this year (VVH01 ISIN NO 001 071403.3), the Group's strong position ensures a favorable refinancing. The new financing package entails lower financing cost as well as increased financial flexibility. The refinancing will ensure a strong financial platform, giving room to execute on the Norsk Gjenvinning Groups strategy of continued Nordic growth. The maturity of the bond of NOK 1.386 billion was repaid with funds from the new loan agreement with DNB and Nordea.
Due to the refinancing with DNB and Nordea, Norsk Gjenvinning will no longer publish quarterly reports or hold quarterly presentations. The Group's annual report will continue to be distributed on our website.
Questions can be directed to our CFO, Espen Krey Brettås.