Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Tjänster |
| Industri | Fordon & Transport |
2022-03-31 11:50:00
Reference is made to the mandate announcement of 19 November 2021 by Fjord1 AS
(the "Company" or "Fjord1") regarding a refinancing of the Company's existing
loan facilities. The Company is pleased to announce that it has reached an
agreement with investors for the refinancing of the group's loan facilities (the
"Refinancing"). Completion of the Refinancing is subject to documentation and
customary closing mechanisms and is expected to occur in April 2022 or early May
2022.
The purpose of the Refinancing is, inter alia, to repay the outstanding bond
with ticker FJORD01 and ISIN NO0010810302 (the "Bond Loan"), and where Pareto
Securities AS will primo May 2022 assume the role as paying agent. Following
fulfilment of the closing procedures, the Company will fund a defeasance account
with sufficient funds to pay all outstanding interest and principal until and
including the maturity date 22 November 2022. The Company expects to launch a
buyback offer to the existing bondholders after completion of the Refinancing.
No assurances can however be given that any buyback offer will be launched
following the Refinancing.
Pareto Securities AS (the "Advisor") is acting as the sole financial advisor to
the Company and Wikborg Rein Advokatfirma AS is acting as legal advisor to the
Company. Advokatfirmaet Thommessen AS is acting as legal advisor to the Advisor.
This release is considered to contain inside information related to the Bond
Loan pursuant to the EU Market Abuse Regulation (MAR) and is subject to the
disclosure requirements pursuant to MAR and Section 5-12 the Norwegian
Securities Trading Act. The announcement is made by Head of Finance Ane Eliassen
on 31 March 2022 at 11:50 CET.
For further information please contact:
Dagfinn Neteland, CEO, Fjord1 AS +47 913 71 071 or