Brief: P/F Bakkafrost Says Entered Into Term Sheet For Sustainability-Linked EUR 700 Mln Multicurrency Revolving Credit Facility With Tenor Of 5 Years

P/F Bakkafrost

10/12/2021 17:22

Dec 10 (Reuters) - P/F Bakkafrost  BAKKA.OL :
    * ENTERED INTO TERM SHEET FOR SUSTAINABILITY-LINKED EUR 700
MILLION MULTICURRENCY REVOLVING CREDIT FACILITY WITH TENOR OF 5
YEARS
    * FACILITY INCLUDES FLEXIBILITY FOR PARTIES TO AGREE AN
ADDITIONAL
AMOUNT OF UP TO EUR 150 MILLION DURING TENOR
    * PRINCIPAL FINANCIAL COVENANTS OF FACILITY ARE EQUITY RATIO
OF NO
LESS THAN 35% AND INTEREST COVERAGE RATIO OF NO LESS THAN 2X
    * FACILITY IS SUBJECT TO SIGNING OF A FACILITY AGREEMENT,
WHICH IS
EXPECTED DURING Q1 2022

Source text for Eikon:  ID:nWkr8nLHpz 
Further company coverage:  BAKKA.OL 

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