OKEA gets commitment for 2.5-year super senior revolving facility

By Mary-Katherine Stinson

Lexington, Ky., Aug. 24 – OKEA ASA has received a commitment from DNB Bank ASA for a new $25 million super senior revolving credit facility with a tenor of 2.5 years, according to multiple notices.

The facility is subject to a successful refinancing of the company’s outstanding $120 million senior secured bond (ISIN: NO0010869175).

Revolver proceeds will be available for working capital purposes.

OKEA is a Trondheim, Norway-based oil and gas company.

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