DAT secures NOK 400 million 5 year Revolving Credit Facility
Data Respons ASA has received a firm offer from a Nordic bank for a 5 year NOK 400 million Multicurrency Revolving Credit Facility.
Data Respons intends to refinance the existing credit facilities in aggregate of NOK 202 million, of which NOK 170 million was drawn per 31.12.17, by using the new offered Bank Facility. The undrawn amount on the new credit facility can be used by Data Respons to support the company's growth strategy. In addition, Data Respons has an overdraft facility available amounting to NOK 40 million.
"Through this new facility, Data Respons will reduce its financing costs, increase its credit lines and retain the full flexibility to finance Data Respons' organic and non-organic growth strategy", says Rune Wahl, CFO in Data Respons.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. +47 950 36 046
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT and the embedded solutions market. We provide R&D services and embedded solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Medical, Industry Automation, Smart grid/Smart home, Bank and Insurance, Automotive, Defence, Maritime, Energy and Telecommunications.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.