Reference is made to the mandate announcement of19 November 2021 byFjord1 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 inApril 2022 or earlyMay 2022 . The purpose of the Refinancing is, inter alia, to repay the outstanding bond with ticker FJORD01 and ISIN NO0010810302 (the "Bond Loan"), and wherePareto Securities AS will primoMay 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 date22 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 andWikborg 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 FinanceAne Eliassen on31 March 2022 at11:50 CET . For further information please contact:Dagfinn Neteland , CEO,Fjord1 AS +47 913 71 071 or;Anne-Mari Sundal Bøe , CFO,Fjord1 AS +47 902 78 906 AboutFjord1 Fjord1 aims to be the safest and most attractive provider of environmentally friendly and reliable transport for customers, clients and partners.Fjord1 is a leading player in the Norwegian ferry market, with close to 80 ferries. The company also operates passenger boat services and has interests in the catering and tourism industries. More information at www.fjord1.no.
Click here for more information
© Oslo Bors ASA, source