Debp financing
Veidekke has historically financed its operations through a diverse range of sources, including bank loans, bonds, and certificates. Currently, the company's loan portfolio is solely linked to the bank market, with a flexible maturity structure.
In mid-February 2025, Veidekke refinanced its banking facilities. The new agreements include a NOK 2 billion overdraft facility with DNB, featuring a rolling 364-day term, and a NOK 1 billion credit facility with Nordea, with a three-year term and two subsequent one-year extension options.
The company has no outstanding certificate or bond 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.
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 equity and long-term borrowing, preferably through the bank market.
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 of 31 December 2024, the group had a positive net interest-bearing position of NOK 2.6 billion, rendering this ratio not applicable.