Nov 23, 2006. /Lesprom Network/. Norske Skog has signed a new Euro 400 million multi-currency revolving credit facility, which will carry a maturity of 5 years and 3 months. The purpose was to refinance Norske Skog's existing Euro 400 million credit facility dated 21 October 2002, which matured partly in 2007 and partly in 2009. The new facility will become part of the company's liquidity reserve, as was the case also with the old one. The joint mandated lead arrangers are Danske Bank A/S, ING Wholesale Banking, The Royal Bank of Scotland plc and SEB Merchant Banking. A total of 19 banks participate in the new facility, which was oversubscribed by 40%.