Schibsted is in the process of refinancing the EUR 400 million bridge loan through which the acquisition of Trader Classified Media was financed in 2006. The banks have given their commitments and the new facility will total EUR 500 million. The facility is a three year multi-currency drawing facility. The agreement will be signed in October.
Oslo, 20 October 2008
SCHIBSTED ASA
Jo Christian Steigedal
IR Officer