Nordisk Bergteknik: strengthens its financing – corporate bond is replaced by bank financing with a sustainability component

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Nordisk Bergteknik AB (publ) repurchased all outstanding corporate bonds of 400 million Swedish kronor to an amount corresponding to 103.3% of the nominal amount. In addition, as communicated on September 27, Nordisk Bergteknik has entered into installation agreements with Nordea and Swedish bank concerning bank financing and replaced the corporate bond with a bank loan of 400 million Swedish kronor. In addition to the bank loan, the company received a new credit facility of 650 million Swedish kronor.

The installation agreement contains an element of sustainability, which means that Nordisk Bergteknik may agree with banks on key performance indicators for sustainability which, starting five days after preparation of the annual report and a sustainability certificate for 2022, may result in a discount or premium on the interest margin .

“Our new issue of 500 million Swedish kronor in connection with the recently completed IPO and new facility agreement, including extended credit facilities through the availability of a revolving credit facility of 650 million Swedish kronor, means that we have ensured good financial flexibility. In other words, we will continue to play an active role in consolidating our industry in the Nordic region and be at the cutting edge of technology while significantly reducing our current financing costs ”, comments Andreas Christofferson, CEO of Nordisk Bergteknik.

The information has been submitted, by the contact persons below, for publication on October 26, 2021 To 07:45 CEST.

For more information, please contact:

Andreas Christoffersson, CEO, e-mail: [email protected], phone: + 4670-621 1928

Johan lundqvist, CFO, e-mail: [email protected], phone: + 4676-392 7121

https://news.cision.com/nordisk-bergteknik-ab/r/nordisk-bergteknik-strengthens-its-financing—corporate-bond-replaced-with-bank-financing-containin,c3439734

https://mb.cision.com/Main/18649/3439734/1485976.pdf

(c) Decision 2021. All rights reserved., source Press Releases – English


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