Stmnt re New Financing
19 Marzo 2001 - 10:17AM
UK Regulatory
RNS Number:6618A
Kvaerner PLC
19 March 2001
Kvaerner secures new US$450 million Revolving Credit Facility
LONDON, 19 March 2001: Kvaerner, the Anglo-Norwegian engineering and
construction Group, today announced that it has successfully secured new
financing of US$450 million through a Revolving Credit Facility provided by
its group of relationship banks. The new facility will replace existing
facilities of US$700 million falling due in June 2001, and was substantially
oversubscribed.
For more information:
Trond Andresen, Senior Vice President, Group Communications:
+44 (0)7770 856550
Paul Emberley, Vice President Group Communications:
+44 (0)20 7339 1035 or +44 (0)7768 813090
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