Central Liquidity Facility

Havfram signs Green ECA Term Loan Facility to fully finance newbuilding programme

Retrieved on: 
Tuesday, November 21, 2023
Wind, Senior, Wind turbine installation vessel, Facility, CFO, Insurance, ECA, Investment, Crédit Agricole, Sparebank, Sandbrook, Bookrunner, Central Liquidity Facility, DNB ASA, Yantai CIMC Raffles Shipyard, Rabobank, Renewable energy

OSLO, Norway, Nov. 21, 2023 /PRNewswire/ -- Today, Havfram has signed a Senior Secured Green ECA Term Loan Facility (the "Facility") to fund its two Wind Turbine Installation Vessels ("WTIVs"), currently under construction at CIMC Raffles.

Key Points: 
  • OSLO, Norway, Nov. 21, 2023 /PRNewswire/ -- Today, Havfram has signed a Senior Secured Green ECA Term Loan Facility (the "Facility") to fund its two Wind Turbine Installation Vessels ("WTIVs"), currently under construction at CIMC Raffles.
  • The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator, Bookrunner, Green Loan Advisor and Agent) with SpareBank 1 SR-Bank ASA, Credit Agricole, Sparebanken Vest and Rabobank as Mandated Lead Arrangers and with Export Finance Norway as ECA lender.
  • The Facility is also partly supported by an insurance provided by Atradius Dutch State Business N.V, the ECA of The Netherlands.
  • This facility is a shining example to this collaboration, and supports our work to harvest clean energy from offshore wind."

PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2021 EARNINGS

Retrieved on: 
Wednesday, January 19, 2022
Income, Federal Reserve Bank, Federal Reserve Bank of St. Louis, PPP, Federal, Net income, SBA, BSA, COVID-19, CRB, Hyde Park Bank, Bank Secrecy Act, Growth, NASDAQ, Small Business Administration, Bank, Government, Federal Reserve Board of Governors, Paycheck Protection Program, Company, Forgiveness, Federal Home Loan Banks, Central Liquidity Facility, Federal Reserve, Fossil fuel, Online gambling, Animal, Life insurance, Lithium, Cryptocurrency, Pension fund, COVID

The provision for loan losses decreased $1.9 million and $7.1 million for the fourth quarter of 2021 and the year ended December 31, 2021, compared to the same periods in 2020.

Key Points: 
  • The provision for loan losses decreased $1.9 million and $7.1 million for the fourth quarter of 2021 and the year ended December 31, 2021, compared to the same periods in 2020.
  • For the fourth quarter of 2021, non-interest income increased $0.7 million, compared to the same period in 2020.
  • Non-interest expense decreased $0.1 million during the fourth quarter of 2021, and increased $2.2 million for the year ended December 31, 2021, compared to the same periods in 2020.
  • Income tax expense increased $0.5 million for the fourth quarter 2021 and $3.9 million for the year ended December 31, 2021, respectively, compared to the same periods in 2020.

Akastor ASA completes refinancing of its corporate credit facility

Retrieved on: 
Friday, October 1, 2021
Line of credit, Central Liquidity Facility, Facility, NOK, Aker Holding, USD, NYSE, Cryptocurrency, Bank

OSLO, Norway, Oct. 1, 2021 /PRNewswire/ -- Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE: BKR) and Akastor ASA (Oslo: AKAST).

Key Points: 
  • OSLO, Norway, Oct. 1, 2021 /PRNewswire/ -- Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE: BKR) and Akastor ASA (Oslo: AKAST).
  • Simultaneous with the completion of the transaction as announced per separate press release, Akastor has today completed a refinancing of its existing Revolving Corporate Credit Facility.
  • The new Reducing Revolving Credit Facility consists of the following key elements;
    a USD 89 million revolving credit (Facility A) to be reduced by USD 47.5 million on 31 March 2022;
    a NOK 250 million liquidity facility from Aker Holding AS which is subordinated to Facility A and B.
  • Maturity Date of Facility A and B is 26 February 2023 and the liquidity facility from Aker Holding AS matures one month later on 26 March 2023.

Akastor ASA completes refinancing of its corporate credit facility

Retrieved on: 
Friday, October 1, 2021
Line of credit, Central Liquidity Facility, Facility, NOK, Aker Holding, USD, NYSE, Cryptocurrency, Bank

OSLO, Norway, Oct. 1, 2021 /PRNewswire/ -- Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE: BKR) and Akastor ASA (Oslo: AKAST).

Key Points: 
  • OSLO, Norway, Oct. 1, 2021 /PRNewswire/ -- Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE: BKR) and Akastor ASA (Oslo: AKAST).
  • Simultaneous with the completion of the transaction as announced per separate press release, Akastor has today completed a refinancing of its existing Revolving Corporate Credit Facility.
  • The new Reducing Revolving Credit Facility consists of the following key elements;
    a USD 89 million revolving credit (Facility A) to be reduced by USD 47.5 million on 31 March 2022;
    a NOK 250 million liquidity facility from Aker Holding AS which is subordinated to Facility A and B.
  • Maturity Date of Facility A and B is 26 February 2023 and the liquidity facility from Aker Holding AS matures one month later on 26 March 2023.