Norway, Oct. 23 -- Chip Bidco AS (the "Company") has accepted a commitment letter from Nordea Bank Abp og Sparebank 1 Sør-Norge ASA regarding a new senior secured financing package in an aggregate amount of NOK 1 800 million, consisting of term debt in an amount of NOK 1 600 million and a revolving credit facility of NOK 200 million. The proceeds from the term debt will be used to refinance the Company's existing bond issue in a principal amount of NOK 1 550 million falling due on the 26th of February 2027, as well as general corporate purposes. The refinancing is expected to take place in February 2027, subject to customary conditions precedent for disbursement of funds.
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