KMC Properties ASA has mandated DNB Markets, Pareto Securities and SpareBank 1 Markets as Joint Lead Managers to arrange a series of fixed income investor meetings commencing 26 June 2023. A senior secured bond transaction of NOK 900 million (with a maximum issue amount of NOK 1,500 million under potential subsequent tap issue) with a 3 year tenor (the “Bond Issue”) may follow, subject inter alia to market condition. As earlier communicated, the Company has already secured commitments for long-term bank financing of NOK 1,065 million and has recently received additional NOK 15 million extensions.

The weighted average interest margin of the bank financing commitments is 2.71% plus floating interest. Net proceeds from the ongoing financing processes will be used to refinance existing debt, including the existing NOK 1,850 million senior secured bond with ISIN NO0010908163 (the “Existing Bond”), clean down of current revolving credit facility (RCF) and general corporate purposes. In connection with the Bond Issue, the Company may offer a conditional buy-back in the Existing Bond which will be contingent upon subscription in the Bond Issue.