Norske Skog.Norske Skog, Oxenoen, Norway has signed a EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 400 million (US$ 400 million) long-term revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility agreement with a syndicate of domestic and foreign banks. The agreement, which becomes part of the company's liquidity reserve and is undrawn un·draw tr.v. un·drew , un·drawn , un·draw·ing, un·draws To draw to one side, as a curtain. Adj. 1. undrawn - not represented in a drawing undelineated - not represented accurately or precisely at signing, replaces an existing credit facility that expires January 2004. In other Norske Skog news: The company has informed its employees of a new program aimed at improving both short- and long-term profitability and competitiveness. The new program comes as an extension to the existing NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 700 million (US$ 95 million) cost cutting program that will be completed by the end of 2002. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion