The group holds an unused 5+1+1 year committed revolving facilities of NOK 12 billion which was signed on 19 January 2011.
The tenor of any new bond issued shall meet the need for long-term financing and ensure evenly distributed debt redemption profile.
With the debt placed in the parent company, Statkraft AS, lenders have the security afforded by the group’s balance sheet. All lenders are treated equally through pari passu clauses and negative pledge agreements in the loan contracts. Restrictions have been imposed on the subsidiaries’ capacity to borrow in their own right.