Oslo. Saipem has signed a new credit facility for an amount up to 554 million, which will be used to finance or refinance the purchase of equipment and services from Norwegian exporters. The credit facility is granted by the Garantiinstituttet for Eksportkreditt (GIEK), the Norwegian agency for export credit insurance, and mostly by Citibank NA, London Citibank Branch and Eksportkreditt Norge AS (EK), as Original Lenders. The credit line will be used over the next 24 months and will be divided into several tranches, each lasting eight years and a half. (9Colonne)
