Schibsted has refinanced a long term loan facility of EUR 325 million. The loan facility, with maturity August 2015, is replaced by a new long term loan facility of EUR 300 million. The new facility has a term of 5 year with two extension options of 1 year each. The refinancing is done to secure long term financial flexibility.
After the refinancing Schibsted has two long term loan facilities of totally EUR 425 million. None of the facilities are drawn.
Contact person:
Trond Berger, CFO. Tel: +47 916 86 695
Oslo, 16 July 2014
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.