Debt and Credit Rating
Kongsberg Maritime uses the corporate bond market as its primary source for debt capital and has access to liquidity through its NOK 3.0 billion revolving credit facility and a NOK 1.0 billion overdraft facility. Kongsberg Maritime ASA normally issues external debt and funds subsidiaries within the group through loans and equity.
Debt
All bonds are issued in Norwegian kroner and are in the process of being listed, on Oslo Stock Exchange. Kongsberg Maritime aims to remain investment grade.
| ISIN code | Amount (NOK billion) | Rate | Start date | Maturity date | Listing | Related documents |
| NO0013759654 | 0.5 | 5.41% | 28.08.2026 | 28.08.2033 | Pending | Bond Agreement |
| NO0013759670 | 0,4 | 3M NIBOR + 0.57% | 28.08.2026 | 28.08.2029 | Pending | Bond Agreement |
| NO0013759696 | 1.6 | 3M NIBOR + 0.82% | 28.08.2026 | 28.08.2031 | Pending | Bond Agreement |
Credit Rating
The working capital requirement in Kongsberg Maritime can fluctuate, which requires good liquidity and predictable access to capital.
Kongsberg Maritime holds a credit rating from Nordic Credit Rating (“NCR”). The rating report is available at Nordic Credit Rating.
List credit rating
| Rating agency | Date of rating | Long term credit rating | Outlook |
| Nordic Credit Rating | 16.04.2026 | BBB+ | Stable |
Revolving Credit Facility
Kongsberg Maritime has a syndicated revolving credit facility of NOK 3.0 billion with renowned and solid banks. The credit facility is for general corporate purposes and matures on 27 March 2031 excluding 2 years extension options. The credit facility is subject to a leverage covenant, which may not deviate negatively from certain agreed levels.
Debt Maturity Profile
The below graph shows the ending balance (EB) and maturity profile for bonds outstanding as of 31 August 2026 in million NOK.
