Press release
Akastor ASA completes refinancing of its corporate credit facility
OSLO, Norway, Oct. 1, 2021 /PRNewswire/ -- Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE: BKR) and Akastor ASA
About this update from Baker Hughes Company
[{"type":"text","content":"OSLO, Norway, Oct. 1, 2021 /PRNewswire/ -- Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE: BKR) and Akastor ASA (Oslo: AKAST). Simultaneous with the completion of the transaction as announced per separate press release, Akastor has today completed a refinancing of its existing Revolving Corporate Credit Facility. \nThe new Reducing Revolving Credit Facility consists of the following key elements; \na USD 89 million revolving credit (Facility A) to be reduced by USD 47.5 million on 31 March 2022; a NOK 250 million revolving credit facility (Facility B); and a NOK 250 million liquidity facility from Aker Holding AS which is subordinated to Facility A and B. Maturity Date of Facility A and B is 26 February 2023 and the liquidity facility from Aker Holding AS matures one month later on 26 March 2023. \nFor further information, please contact: Øyvind Paaske Chief Financial Officer Tel: +47 917 59 705\[email protected]\nThis information is subject to the disclosure requirements pursuant to section 5.12 of the Norwegian Securities Trading Act.\nAkastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.\nThis information was brought to you by Cision http://news.cision.com\nhttps://news.cision.com/akastor-asa/r/akastor-asa-completes-refinancing-of-its-corporate-credit-facility,c3425661\n View original content:https://www.prnewswire.com/news-releases/akastor-asa-completes-refinancing-of-its-corporate-credit-facility-301389709.html\nSOURCE Akastor ASA","length":3452,"tagName":"div"}]