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Aker BP completes refinancing of
existing credit facilities
Aker BP has successfully refinanced its existing revolving credit facilities through a
syndicate of international banks.
“This refinancing further strengthens our financial position and provides increased flexibility to
support Aker BP’s strategic ambitions. We are pleased with the strong interest from our
banking partners and the competitive terms achieved,” said David Tønne, Chief Financial
Officer of Aker BP.
The new facility totals USD 3,225 million, and is structured as follows
• A Liquidity Facility of USD 2 billion, maturing in 2030, with options that could extend
maturity to 2032
• A Working Capital Facility of USD 1,225 million, maturing in 2028, with an option to
extend to 2029
Both facilities were oversubscribed.
Contacts:
Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
John Ole Hægeland, VP Corporate Finance, tel.: +47 906 06 169
About Aker BP:
Aker BP is a leading exploration and production company focused on oil and gas operations on
the Norwegian continental shelf. The company operates the Alvheim, Edvard Grieg, Ivar
Aasen, Skarv, Ula, and Valhall field centres and is a key partner in the Johan Sverdrup field.
Headquartered in Fornebu, Norway, Aker BP is listed on the Oslo Børs under the ticker AKRBP.
For more information, visit www.akerbp.com/en.
