DONG Energy has today signed a 5-year revolving credit facility of EUR 750
million to partly replace the existing EUR 1,500 million credit facility,
dating from May 2005. The new facility is a central part of DONG Energy´s total
liquidity reserves. DONG Energy expects to maintain liquidity reserves of at
least EUR 1,500 million through a mix of cash reserves, bilateral credit
facilities and the newly signed facility.
The credit facility is supported by a select group of 11 Nordic and
international banks, committing as mandated lead arrangers and bookrunners,
with Nordea and Royal Bank of Scotland acting as active bookrunners and
coordinators.
The facility is for general corporate purposes.
The content of this announcement does not alter the previously announced
expectations for DONG Energy's financial result for 2010 or the announced
expected level of investments.
For further information, contact:
Media Relations
Louise Münter
+45 9955 9662
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 6,000 employees and generated just under DKK 50 billion (EUR
6.6 billion) in revenue in 2009. For further information, see
www.dongenergy.com.
