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Norwegian Property signs up for new 2.4B Norwegian kroner term loan

Norwegian Property ASA signed a new loan agreement with DNB Bank ASA and Danske Bank for a 2.40 billion Norwegian kroner term loan.

The agreement also involves a 400 million kroner revolving credit facility. The three-year loan will refinance Norwegian Property's existing loans with the same banks.

As of Dec. 19, US$1 was equivalent to 8.66 Norwegian kroner.