Credit facilities and bonds
Veidekke has historically financed its operations through a diverse range of sources, including bank loans, bonds, and certificates. The company has maintained a well-balanced loan portfolio, characterized by both a variety of loan providers and a flexible maturity structure.
In mid-February 2025, Veidekke successfully refinanced its bank facilities. The updated agreements include a NOK 2 billion overdraft facility with DNB, which has a rolling 364-day maturity, and a NOK 1 billion Revolving Credit Facility (RCF) with Nordea, which carries a three-year maturity with two one-year extension options.
In the first quarter of 2022, Veidekke executed a voluntary buyback of its VEI10 bond, which is due to mature on March 19, 2025. Originally, the bond had an outstanding volume of NOK 600 million, of which NOK 407 million was repurchased. As a result of this buyback, the company’s remaining outstanding bonds amount to NOK 193 million, which will be redeemed upon maturity.
At the end of 2024, the group had no outstanding certificate loans.
This strategic approach to financing demonstrates Veidekke's proactive management of its debt portfolio and its efforts to ensure optimal liquidity and flexibility for its ongoing operations.
Norwegian bond loans
| Loan agreement | Registration document/prospectus | Securities document/loan description |
| ISIN NO 0010819261 | Registration document | Securities document |
Click on the links in the table below to download loan agreements, registration document/prospectus, and securities document/loan description (pdf).
Financing strategy
Financial robustness is a top priority for Veidekke. We employ a combination of debt and equity financing. Long-term capital requirements are met through long-term borrowing, preferably through the bond markets.
Our short-term financing requirements fluctuate considerably due to extensive project activities, demanding generous credit facilities to cover interim capital needs.
Credit ratings
Veidekke has no official credit rating but monitors quantitative and qualitative factors that affect the group’s creditworthiness. We aim for net interest-bearing debt over EBITDA for the preceding 12 months to not exceed 3.0. As at 31 December 2021, the group’s net interest-bearing position amounted to NOK x,x billion, rendering this ratio not applicable.