Dec. 30 (Bloomberg) -- Landsvirkjun, Iceland’s state-owned electrical utility, has obtained a 10.5 billion-krona ($86 million) revolving credit.
The three-year facility, which can be extended to as much as to five years, is in addition to another $200 million credit announced on Dec. 27 and will give the company access to liquidity “if other conventional funding sources shut down temporarily,” according to a statement.
Arion Banki HF, Islandsbanki HF and Landsbanki Islands HF arranged the deal.
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