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2020-06-14

Kongsberg Automotive ASA: Kongsberg Automotive Renegotiated Terms for its Revolving Credit Facility

Through the Relief Agreement Kongsberg Automotive increases available effective liquidity by Euro 28 million until March 31, 2021, a very important and flexible source of liquidity for the Company.

Danske Bank and J P Morgan have been very supportive in the process of finalizing the Relief Agreement and we thank our major banking partners for their commitment to Kongsberg Automotive. Danske Bank acts as the agent for the RCF banks and have been instrumental in reaching this Relief Agreement.

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