trending Market Intelligence /marketintelligence/en/news-insights/trending/e4FVyAN7trGuljKdJwVumA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Norsk Hydro signs US$1.6B credit facility linked to emissions target

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019


Norsk Hydro signs US$1.6B credit facility linked to emissions target

Norwegian aluminum producer Norsk Hydro ASA signed a US$1.6 billion revolving multicurrency credit facility with the margin linked to the company's emissions reduction target.

The facility, available for general corporate purposes, has a five-year tenor with two one-year extension options. It replaces the company's undrawn US$1.7 billion facility signed in 2013.

The margin under the new facility will be adjusted based on the company's progress on slashing emissions by 10% by the end of 2025, it said Dec. 12. Norsk Hydro aims to cut emissions by 30% by 2030.

DNB Bank ASA's DNB Markets, ING Belgium SA/NV and Skandinaviska Enskilda Banken AB acted as coordinating book runners and mandated lead arrangers.

BNP Paribas SA Norway Branch, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ) and J.P. Morgan Securities PLC joined as book runners and mandated lead arrangers.

Citigroup Global Markets Ltd., Goldman Sachs Bank USA and Nordea Bank Abp Norwegian branch acted as lead arrangers. DNB will act as facility agent, and SEB acted as sustainability coordinator and documentation agent.