“We have now strengthened our long-term financing of the company through this agreement with Crédit Agricole Leasing & Factoring. As previously announced, we will continue to work on similar agreement for the Bruck mill,” says Sven Ombudstvedt, President and CEO in Norske Skog.
Under the agreement with Crédit Agricole Leasing & Factoring Norske Skog will continue to collect the receivables from customers. The duration is minimum three years without financial covenants. The interest cost is competitive compared with similar financing.
