The new terms give Norske Skog additional headroom in 2012, the company writes in a press release.Norske Skog informs that the company also has signed an agreement with Bratsberg Gruppen and Conceptor, local real estate developers, concluding vendor financing related to the disposal of Klosterøya, the site of the former Union paper mill in Norway. Pending on buyer financing this will bring cash proceeds amounting to 100 million Norwegian Kroner in February this year. With this agreement, around 250 million Kroner of non-core disposals in second half of 2011 have been settled.