Norwegian Energy Company ASA (Noreco), a HitecVision III portfolio company, has received pre-acceptances from the majority of bondholders to refinance existing bond obligations.

 

The refinancing of the existing NOK 2,240 million bond (OSE: NOR01 & NOR02) entails a new amortization profile and extension of parts of the loan, which will enhance Noreco's financial position. A bondholders meeting is called to vote for the proposed changes. Noreco has already received pre-acceptances from over 50 % of the bondholders.

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