30. June 2025
Multiconsult ASA (Oslo: Multi) has today successfully refinanced its existing Revolving Credit Facility (RCF) of NOK 800 million. The company has secured a new and expanded NOK 2.1 billion RCF with Nordea Bank Abp, including an uncommitted accordion option of NOK 1 billion. In addition, the credit facility linked to the group’s global cash pool has been increased from NOK 320 million to NOK 400 million. This brings the total available credit facilities, including the accordion option, to NOK 2.5 billion, an increase from the previous NOK 1.12 billion.
The facilities will be used for general corporate purposes, acquisitions and working capital, while also strengthening the group’s liquidity reserve. The refinancing underscores Multiconsult’s strong financial position and continued access to attractive bank financing and supports both the group strategy and a continued strong liquidity position. The intention is to transition the new facilities into a sustainability-linked loan.
Key highlights and financial covenants:
Multiconsult secured financing at attractive terms, linked to a margin grid based on leverage ratio. The RCF has a three-year maturity and expires on 30 June 2028.
Leverage ratio (NIBD/EBITDA R12M): Not to exceed 3.50x, and not to exceed 3.00x for 18 consecutive months.
Equity ratio: Minimum 20 per cent at all times, and above 25 per cent for 18 consecutive months.
Measurement shall take place quarterly and exclude IFRS 16 effects.
Negative pledge: Applies to both Multiconsult ASA and Multiconsult Norge AS, restricting new secured debt without prior bank consent.
“This refinancing strengthens our financial flexibility and supports our strategy. The increased facility and improved terms reflect the confidence our main relationship bank have in Multiconsult’s performance and supports our capital structure,” said Ove B. Haupberg, CFO, Multiconsult ASA.
For further information, please contact:
Investor relations:
Pål-Sverre Jørgensen, Group Treasurer & IRO
Phone: +47 416 11 161
E-mail: ir@multiconsult.no / psmj@multiconsult.no
Media:
Cato A. Mørk, Senior Communication Advisor
Phone: +47 924 55 663
E-mail: caam@multiconsult.no