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Norske Skog: Norske Skog signs a EUR 40 million credit facility

Norske Skog has signed a EUR 40 million loan agreement (securitisation
facility) with
Crédit Agricole Leasing&Factoring,based on accounts receivables derived from
the French mill
, Norske Skog Golbey SAS.

- We have now strengthened our long-term financing of the company through this
agreement with Crédit Agricole Leasing&Factoring. As previously announced, we
will continue to work on similar agreement for the Bruck mill, says Sven
Ombudstvedt, President and CEO in Norske Skog.

Under the agreement with Crédit Agricole Leasing&Factoring Norske Skog will
continue to collect the receivables from customers. The duration is minimum
three years without financial covenants. The interest cost is competitive
compared with similar financing.

As previously announced, Norske Skog Skogn AS and Norske Skog Saugbrugs AS,
entered into a NOK 250 million loan agreement (securitisation facility) with
SpareBank 1 Gruppen Finans AS in 2013.

Norske Skog
Communications and Public Affairs

|For further information: |
|Norske Skog media: Norske Skog financial markets: |
| |
| |
|Vice President Corporate Communication Vice President Investor Relations |
|Carsten Dybevig Tom Rogn |
|Mob: +47 917 63 117 Mob: +47 948 55 659 |

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 OMX Corporate Solutions on behalf of NASDAQ OMX 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: Norske Skog via Globenewswire


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