DATA RESPONS ASA: DAT HAS SIGNED A NOK 400 MILLION 5 YEAR REVOLVING CREDIT FACILITY
May 18 2018 - 8:03AM
Reference is made to the stock
exchange release by Data Respons ASA ("Data Respons" or the
"Company") the 19th of March 2018, regarding a 5 year NOK 400
million Multicurrency Revolving Credit Facility. The Company
is pleased to announce that the loan agreement was signed today as
a club deal with Swedbank AB (as Lender, Arranger and Agent) and
Handelsbanken Norwegian Branch of Svenska Handelsbanken AB (as
Lender and Arranger).
Data Respons intends to refinance the existing credit facilities in
aggregate of NOK 202 million, of which NOK 182 million was drawn
per 31.03.18, by using the new offered Bank Facility. The undrawn
amount on the new credit facility can be used by Data Respons to
support the company's growth strategy. In addition, Data Respons
has an overdraft facility available amounting to NOK 50
million.
"Through this new facility, Data Respons will reduce its financing
costs, increase its credit lines and retain the full flexibility to
finance Data Respons' organic and non-organic growth strategy",
says Rune Wahl, CFO in Data Respons.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913
90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950
36 046
About Data Respons
Data Respons is a full-service,
independent technology company and a leading player in the IoT,
Industrial digitalisation and the embedded solutions market. We
provide R&D services and embedded solutions to OEM
companies, system integrators and vertical product suppliers in a
range of market segments such as Transport & Automotive,
Industrial Automation, Telecom & Media, Space, Defense &
Security, Medtech, Energy & Maritime, and Finance & Public
Sector.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker:
DAT), and is part of the information technology index. The company
has offices in Norway, Sweden, Denmark, Germany and
Taiwan. www.datarespons.com
This information is subject of the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Data Respons ASA via Globenewswire
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