Slaughter and May advised Norsk Hydro ASA on its new $1,300,000,000 short-term multi-currency revolving credit facility

Slaughter and May advised Norsk Hydro ASA (“Hydro”), a leading aluminium and renewable energy company, on its new $1,300,000,000 12 month multi-currency revolving credit facility. The facility, which is available for general corporate purposes, was signed on 27 April 2022 and contains two six-month extension options exercisable at Hydro’s discretion. The entire amount of the facility is also available as a swingline facility to cover short-term liquidity needs.

The facility was coordinated by BNP Paribas, Danske Bank and DNB. A group of 11 lenders make up the syndicate in total.