Norske Skog Prepares Bond Issue and Financial Restructuring

Norske Skog ASA (DE:0BQ) has released an update.

Norske Skog ASA is planning a new 5-year senior unsecured bond issue of NOK 1.4 billion to refinance existing bonds and for corporate purposes, alongside proposing a conditional buyback of its current bonds. The company has also secured new financial facilities including a NOK 500 million term loan and a NOK 50 million overdraft facility, which are set to be established in Q3 2024. These moves form part of Norske Skog’s strategy to diversify and grow its business in the publication paper and bioproducts markets.

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