Nobia AB (publ) announced that the company has held dialogues with the lenders under the existing facilities agreement to secure an amendment and extension of the revolving credit facilities until 30 June 2027, and Nobia and the lenders have entered into an amendment and restatement agreement in respect of the existing facilities agreement. The amended and restated facilities agreement entails that the Company's current SEK five billion facilities are partly repaid and reduced to SEK 3,450 million using proceeds from the previously communicated asset divestments and the Rights Issue. Further, the Company has also agreed with the lenders that new financial terms and conditions (covenants) shall apply.

The new financial covenants include minimum liquidity and absolute adjusted consolidated EBITDA excluding IFRS 16. The Company will at a later date undertake to meet other financial covenants, in form of a leverage ratio and an interest coverage ratio, under the facilities arrangement. The amended and restated facilities agreement requires that the Rights Issue is fully subscribed and completed by no later than 30 April 2024.