TTS Group ASA (the 'Company') has agreed with Nordea and DNB on new financing agreements for credit and guarantee facilities, which represents an extension of the agreements the company had at the beginning of the current fiscal year. The extended agreements expire at 31 Dec. 2016.

Based on the approved extension of the company's Convertible Callable Unsecured Subordinated Bond, which was announced 17 Dec. 2015, together with the renewed financing agreement with Nordea and DNB, the company's funding for 2016 is finalized. The total financing package is subject to the General Assembly approval of the company's Convertible Callable Unsecured Subordinated Bond. The date of the Extraordinary General Meeting is set at 5 Jan.2016, as notified 14 Dec.2015.

Bergen, 21st December 2015

TTS Group ASA

Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01
http://www.ttsgroup.com

Contact persons:

Björn Andersson
CEO
M: +47 911 33 671

Henrik Solberg-Johansen
CFO
M: +47 982 06 438

Miao Reinlund
SVP Corporate Communications
M: +47 900 65 883

TTS Group ASA issued this content on 2015-12-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-21 10:24:11 UTC

Original Document: http://www.tts-marine.no/IR/Statements-to-OSE/TTS-Group-ASA-New-bank-agreements-/