| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for Orron Energy AB > News item |
Orron Energy enters €150 million three-year replacement revolver
By Marisa Wong
Los Angeles, July 5 – Orron Energy AB announced it entered into a €150 million revolving credit facility with a three-year maturity and two one-year extension options, according to a Tuesday press release.
The secured multicurrency revolver has a floating interest rate margin that is less than 200 basis points above Euribor.
The revolver also includes a €150 million accordion option.
The company said the structure of the credit facility provides a high degree of flexibility, allowing it to optimize its capital allocation structure and support ambitious growth plans.
The bank consortium consists of DNB, Nordea, SEB and SpareBank 1 SR-Bank.
The facility replaces the company’s current €100 million bridge financing facility entered into in August 2022.
Orron is a Stockholm-based renewable energy company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.