Iceland’s Landsvirkjun signs three-year $200 million credit facility

By Lisa Kerner

Charlotte, N.C., Dec. 23 – Landsvirkjun (National Power Co.) signed a new three-year $200 multicurrency revolving credit facility with its core relationship banks led by Barclays Bank plc.

The facility has two one-year extension options and refinances the company’s $200 million facility signed in 2011, according to a news release.

Landsvirkjun will use the facility for general corporate purposes.

Barclays Bank plc was the lead arranger. Citigroup Global Markets Ltd., Íslandsbanki hf, Merchant Banking and Skandinaviska Enskilda Banken AB (publ) acted as coordinators and bookrunners. Arion Bank hf, ING Bank Belgium SA/NV and J.P. Morgan were mandated lead arrangers.

The issuer is an electricity generator and producer of renewable energy in Europe. The company is based in Reykjavik, Iceland.

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