2 defence financings involving Norway since 2015, and 1 investment and M&A deals, each with its terms and primary sources.
Randeep Bubbra | Lawyer | Making defence financeable
By date of signing, pricing or announcement. Volume in US$bn at approximate annual average rates; 2026 runs to 27 Oct 2026.
| Year | Bonds | Bank and acquisition loans | Total |
|---|---|---|---|
| 2021 | – | – | 0 · US$0m |
| 2022 | – | 1 · US$260m | 1 · US$260m |
| 2023 | 1 · US$95m | – | 1 · US$95m |
| 2024 | – | – | 0 · US$0m |
| 2025 | – | – | 0 · US$0m |
| 2026 | – | – | 0 · US$0m |
Kongsberg NOK 2.5bn revolving credit facility (2022), 22 Mar 2022.
| Type | Financings | Funded (US$) |
|---|---|---|
| Bank facility | 1 | US$260m |
| Bond | 1 | US$95m |
Nordea (2), Danske Bank (2), J.P. Morgan (1), SEB (1), DNB (1).
Counts are financings on file where the bank or lender is named. All lenders.
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 May 2023 | Kongsberg Gruppen NOK 1bn 4.85% senior unsecured bond due 2030 | Bond | NOK 1bn |
| 22 Mar 2022 | Kongsberg NOK 2.5bn revolving credit facility (2022) | Bank facility | NOK 2.5bn |
| Date | Deal | Type | Value |
|---|---|---|---|
| Dec 2018 | Kongsberg NOK 5.0bn rights issue (Rolls-Royce Commercial Marine) | Equity raise | NOK 5bn |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.
Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.
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