EQVA ASA - Restructuring of interest rate hedge
2026-09-24 13:29:41
Oslo, 24.09.2026 - EQVA ASA ("EQVA" or the "Company") has entered into a
restructured interest rate swap agreement with Nordea Bank Abp. The swap hedges
part of the interest rate exposure under the Company's FRN Senior Secured bond.
The swap was previously held by EQVA Holding AS, a group company, and has been
transferred to EQVA ASA, the issuer of the bond, by way of novation. Following
the novation, the swap has been restructured. The hedge amount was increased
from NOK 110.7 million to NOK 200 million, the maturity has changed from March
2030 to February 2028, and the interest periods have been aligned with the
bond's interest payment dates.
The main terms of the restructured swap are:
- Notional amount of NOK 200 million, non-amortising
- Term from 22 September 2026 to 4 February 2028
- EQVA pays a fixed rate of 4.316% p.a. and receives 3-month NIBOR. Interest is
settled quarterly on 4 February, 4 May and 4 November, with the first settlement
on 4 November 2026.
The market value of the previous swap has been carried forward into the
restructured swap.
"This transaction places our interest rate hedge in the same entity as the debt,
increases the hedged amount and aligns it with the bond. It gives us predictable
interest costs on a substantial part of our debt," says Daniel Hjertaker Molvik,
CFO of EQVA.
For further information, please contact:
Daniel Hjertaker Molvik, CFO
E-mail: daniel.molvik@eqva.no
er Molvik\, CFO\
E-mail: daniel.molvik@eqva.no\