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Pronova Gets 2.28 Billion Kronor of Syndicated Loans

Pronova BioPharma ASA, the Norwegian maker of medicines from fish oil, got 2.28 billion kronor ($393 million) of syndicated loans from three banks.

Nordea Bank AB arranged the multicurrency financing, which includes term loans and a revolving credit line, the bank said in a statement. Money in a revolving credit can be borrowed again once it’s been repaid.

SEB AB and Swedbank AB joined the deal in syndication, according to the statement.

Proceeds of the five-year financing replace existing borrowings maturing in 2012, Lysaker, Norway-based Pronova said Oct. 4 in a statement.

To contact the reporter on this story: Karen Eeuwens in London keeuwens@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.

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