Kongsberg NOK 2.5bn revolving credit facility (2022)
Refinance the NOK 2.3bn facility due 2023; general corporate purposes
Key terms
- Borrower or issuer
- Kongsberg Gruppen
- Date
- 22 Mar 2022
- Type
- Bank facility
- Amount
- NOK 2.5bn (US$260m)
- Maturity
- 2029-03-22
Recorded terms
- Structure
- Five-year multi-currency revolving credit facility with two one-year extension options (both used: now matures 22 March 2029)
- Lenders and arrangers
- Danske Bank, DNB, JP Morgan, Nordea and SEB, mandated lead arrangers and bookrunners; SEB, coordinator and agent
- Country
- Norway
Parties
- Kongsberg Gruppen borrower or issuer
- Lenders: J.P. Morgan, Nordea, Danske Bank, SEB, DNB
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 Feb 2022 | Mercury Systems US$1.1bn revolving credit facility (upsized) | Bank facility | US$1.1bn |
| 18 Feb 2022 | Kratos US$400m secured credit facility | Bank facility | US$400m |
| 17 May 2022 | Curtiss-Wright US$750m revolving credit facility (2022) | Bank facility | US$750m |
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
| 13 Dec 2021 | CACI International US$3.2bn credit facilities (2021) | Bank facility | US$3.2bn |
More from Kongsberg Gruppen
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 May 2023 | Kongsberg Gruppen NOK 1bn 4.85% senior unsecured bond due 2030 | Bond | NOK 1bn |
M&A and investment involving Kongsberg Gruppen
| Date | Deal | Type | Value |
|---|---|---|---|
| Dec 2018 | Kongsberg NOK 5.0bn rights issue (Rolls-Royce Commercial Marine) | Equity raise | NOK 5bn |
Sources
- Kongsberg Gruppen: refinancing revolving credit facility with a new 5-year NOK 2.5 billion agreement cdn.financialreports.eu · 22 Mar 2022
- Kongsberg Gruppen: NOK 2.5bn RCF termination date extended to 2029 inderes.dk · 7 Mar 2024
About this record
Record DEF-2022-0019, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
