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.
Trond Berger, CFO. Tel: +47 916 86 695
Oslo, 16 July 2014
Jo Christian Steigedal
VP Investor Relations