DONG Energy has signed a EUR 1.3bn 5-year revolving credit facility, which includes two 1 year extension options. The facility will replace the existing EUR 750 million credit facility, signed in May 2010. The new facility is a central part of DONG Energy´s total liquidity reserves.
With the new facility, DONG Energy increases its liquidity reserves taking advantage of the recent improved terms and conditions for credit facilities in the Euroloan market.
The credit facility has been arranged by DONG Energy and is supported by a select group of 13 Nordic and international banks, committing as mandated lead arrangers and bookrunners, with Nordea and The Royal Bank of Scotland plc acting as coordinators.
The 13 banks are: Barclays Bank PLC, BNP PARIBAS, Danske Bank AS, Deutsche Bank AG, DnB NOR Bank ASA, Handelsbanken, JPMorgan Chase Bank, N.A, MORGAN STANLEY, Nordea, RABOBANK, SEB, SOCIETE GENERALE Corporate & Investment Banking and The Royal Bank of Scotland plc. The facility is for general corporate purposes.
The content of this announcement does not alter the previously announced expectations for DONG Energy's financial result for 2011 or the announced expected level of investments.
