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Bergen Group settles refinancing

Bergen Group, Norwegian supplier to the offshore industry, has settled an important agreement concerning refinancing. The share price has increased sharply in response to the news of cancelled debt.

Norwegian supplier Bergen Group has reached its goal of securing a refinancing deal for the company, which in recent years has been streamlined and is now a much smaller company than before.

"This is a milestone for Bergen Group. The comprehensive refinancing which now is agreed upon by all involved parties have been crucial in order to establish a satisfactory company balance sheet and capital structure for the group. We do now have a robust financial platform that also provides opportunities for further growth," says group CEO Hans Petter Eikeland in a stock exchange announcement.

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