Latham & Watkins advised Norsk Hydro ASA on its entry into a US$1,700 million Multicurrency Revolving Credit Facility with a syndicate of international banks. Commerzbank, Handelsbanken and Nordea acted as Co-ordinating Bookrunners and Mandated Lead Arrangers on the transaction, which closed on November 15, 2013.
Norsk Hydro ASA is a fully integrated aluminium company, based in Norway, with operations along the full aluminium industry value chain and primary production facilities in Europe, Canada, Australia, Brazil and Qatar. Norsk Hydro’s operations include the world’s largest alumina refinery and one of the world’s largest bauxite mines.
Partner Craig Nethercott, who led the Latham & Watkins team, commented: “We are very pleased have worked with Norsk Hydro again on a benchmark financing for the Nordic region. The success of the transaction is testament to the support offered to Norsk Hydro by its core banks, and the strength and experience of the Norsk Hydro team.” The Latham & Watkins deal team included partners Craig Nethercott and Glen Ireland and associate Chirag Sanghrajka.
