Norske Skog ASA (DE:0BQ) has released an update.
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Norske Skog Skogn has secured a NOK 500 million green loan from DNB Bank to enhance its thermo-mechanical pulp line and support certified wood fibre purchases. The loan, aimed to bolster debt financing at the subsidiary level, has a three-year maturity with options to extend and will contribute to freeing up operational cash flow for the larger Norske Skog group. Concurrently, Norske Skog has terminated an undrawn EUR 31 million credit facility, improving its cash position by releasing NOK 328 million in restricted funds.
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