Schibsted has entered an agreement to borrow in total EUR 50 million from Eksportfinans (Norwegian export credit institution for Export Financing) as of 31 January 2011 at favorable terms.
The loan agreement consists of two loans of EUR 25 million with 3 and 5 years maturity respectively. The proceeds will be used to reduce drawn amount on the Group’s Bank Facilities (RCF).
Trond Berger, CFO. Tel: +47 916 86 695
Oslo, 21 December 2010
Jo Christian Steigedal
Vice president IR