Vår Energi has announced the successful refinancing of the senior unsecured working capital facility of USD 1.5 billion with a new and extended USD 1.5 billion working capital facility maturing 1 November 2026. The new facility has similar terms as the previous facility and is provided in equal proportions by 14 international banks. The facility will be used for general corporate purposes and working capital as well as providing a liquidity reserve. The refinancing is a testament to Vår Energi's access to attractive bank financing and supports a continued strong liquidity position.
Vår Energi is assigned BBB credit rating from S&P and Baa3 from Moody's, both with stable outlook.
Source: Vår Energi
