Norway, June 16 -- Norse Atlantic ASA has entered into a USD 20 million bank overdraft facility with Nordea Bank Abp with maturity date 30 April 2026. The facility is guaranteed by B T Larsen & Co Limited, a company controlled by Norse Atlantic's CEO, Founder and largest shareholder Bjorn Tore Larsen. The guarantee replaces the previously provided USD 6.3 million revolving credit facility, which remains undrawn.
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