Data Respons ASA: DAT secures NOK 400 million 5 year Revolving Credit Facility
March 19 2018 - 8:38AM
Data
Respons ASA has received a firm offer from a Nordic bank for a 5
year NOK 400 million Multicurrency Revolving Credit
Facility.
Data Respons intends to refinance the existing credit facilities in
aggregate of NOK 202 million, of which NOK 170 million was drawn
per 31.12.17, by using the new offered Bank Facility. The undrawn
amount on the new credit facility can be used by Data Respons to
support the company's growth strategy. In addition, Data Respons
has an overdraft facility available amounting to NOK 40
million.
"Through this new facility, Data Respons will reduce its financing
costs, increase its credit lines and retain the full flexibility to
finance Data Respons' organic and non-organic growth strategy",
says Rune Wahl, CFO in Data Respons.
For further
information:
Kenneth Ragnvaldsen, CEO,
Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. +47 950 36 046
About Data Respons
Data Respons is a full-service, independent
technology company and a leading player in the IoT and the embedded
solutions market. We provide R&D services and
embedded solutions to OEM companies, system integrators and
vertical product suppliers in a range of market segments such
as Medical, Industry Automation, Smart grid/Smart home,
Bank and Insurance, Automotive, Defence, Maritime, Energy and
Telecommunications.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker:
DAT), and is part of the information technology index. The company
has offices in Norway, Sweden, Denmark, Germany and
Taiwan. www.datarespons.com
This information is subject to the disclosure
requirements pursuant to section 5 -12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Data Respons ASA via Globenewswire
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