Financing

Extension of 2 billion kroner revolving credit facility

Avinor extended on May 30 2011 its 2 billion kroner revolving credit facility with 5 years, with right to yearly negotiations to further extend maturity. The initial revolving credit facility of 2 billion kroner was entered into on June 30 2008 with 3 years duration. Lenders are DnB NOR BANK ASA and Fokus Bank, subsidiary of Danske Bank A/S. DnB NOR BANK ASA is agent for the facility.

Bond financing in Avinor AS

Avinor AS raised NOK 1 500 million in bond financing on May 20 2009. The deal is structured in 3 trances with tenors of 3 years (floating rate note) and 5 and 7 years (fixed rate notes). DnB NOR Markets and Fokus Markets were joint lead managers for the deal. See links for bond agreements and credit analysis from DnB NOR and danske Bank respectively.