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Opera Software ASA Secures USD 100 Million Revolving Credit Facility

Friday, 15 Feb 2013 12:11am EST 

Opera Software ASA announced that it has signed a USD 100 million secured revolving credit facility with DNB Bank ASA. The facility will primarily be secured through a share pledge in Opera Software International AS and floating charges over accounts receivable in the Company and certain of its United Kingdom and United States subsidiaries. The facility has a term of three years and bears an interest rate of LIBOR + 1.75% per year (plus a utilization fee varying with the amount drawn). On the undrawn portion of the facility, a commitment fee of 0.61% per year will be paid. The Company intends to use the financing for general corporate purposes and potential acquisitions. 

Company Quote

0.5 +0.55%
5:57am EDT