Origo hf. has entered into an agreement with Landsbankinn hf. on long-term financing in the amount of ISK 1,500,000 million.
The financing includes, on the one hand, a Term loan in the amount of ISK 1,000,000 million, which will, among other things, be used to repay the company's older debt and, on the other hand, a credit line in the amount of ISK 500 million.
Both loans are based on Icelandic variable interest rates, but now with a significantly more favorable terms and greater flexibility, which reflects the company's economic strength. Terms are otherwise confidential between the parties.
The loan agreement is for 5 years and the credit line agreement is for 2 years.
Gunnar Petersen CFO Origo hf.
Telephone: 825 -9001