Landsvirkjun and Landsnet have reached an agreement on the refinancing of debt between the companies. By this agreement Landsnet has bought back all of its outstanding bonds issued in 2005 and which were owned by Landsvirkjun.
Landsnets buy-back was in part paid in cash and in part by a new loan agreement between the companies in USD and maturing in 2020.
Islandsbanki acted as a consultant to Landsvirkjun and Landsnet for the buy-back and for the new loan agreement.
Reykjavik, December 29, 2016
For further information please contact Rafnar Larusson, CFO
Phone nr. +354 515 9000 or by email: firstname.lastname@example.org