17 August 2023, 07:00 CEST

Axactor Group

Press release

Axactor ASA: Fixed income investor meetings

Axactor ASA ("Axactor"), rated B (Stable) by S&P and B1 (Positive) by Moody’s, has mandated Arctic Securities, DNB Markets and Nordea to arrange a series of fixed income investor meetings commencing Friday, 18 August 2023. A new 4-year senior unsecured floating rate bond issue of NOK 2 billion (expected) may follow, subject to inter alia market conditions.

In connection with the potential new bond issue, Axactor will offer a conditional buyback of its outstanding bond with ticker "ACR02" due 12 January 2024 (ISIN NO0010914666), which will be contingent upon subscription in the new bond. Subject to completion of the potential new bond issue, Axactor will call the remaining net outstanding amount of ACR02 in whole.

Geveran Trading Co Ltd. ("Geveran"), the largest shareholder of Axactor, has pre-subscribed for NOK 750 million with preferred allocation in the new 4-year senior unsecured bond issue. Potential investors should not place any reliance on Geveran’s investment when making their investment decisions.

For additional information, please contact:

Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405

To learn more about Axactor, visit www.axactor.com