Borregaard refinances USD 157.8m (NOK 1,500m) of revolving credit facilities

Borregaard has signed three new bilateral multicurrency revolving credit facility agreements totalling NOK 1,500m (USD 157.8m), one each with Danske Bank, DNB Bank and Skandinaviska Enskilda Banken. The facilities, which carry margins linked to sustainability targets, replace an existing NOK 1,500m revolving credit line maturing in 2027 and run for five years with two one-year extension options.

Why this mattersThe refinancing extends Borregaard's debt maturity profile and liquidity backstop, supporting stated growth investment plans while tying financing cost to emissions and safety performance.

• Total facility size NOK 1,500m (USD 157.8m), split evenly across three banks at NOK 500m each
• Lenders are Danske Bank, DNB Bank ASA and Skandinaviska Enskilda Banken (SEB acted as documentation coordinator)
• Facilities have five-year tenors with two one-year extension options
• Margins adjust based on Scope 1 and 2 emissions reduction, total recordable injuries and organic compound emissions to the Glomma river
• Facilities replace an existing NOK 1,500m revolving credit line due to mature in 2027
• Agreements signed 28 September 2026, for general corporate purposes

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