31 August 2023, 13:29 CEST

Axactor Group

Press release

Axactor ASA: Result of bondholders meeting 31 August 2023

Reference is made to the summons to bondholders meeting dated 17 August 2023 in relation to Axactor's existing bond issue with ISIN NO0011093718 and to the stock exchange notices published 17 August 2023 and 24 August 2023 in this respect. Nordic Trustee AS has today informed Axactor ASA that the bondholders have adopted the proposal as described in the summons. The changes adopted to the bond terms are that the Interest Cover Ratio is reduced from minimum 4.0x to minimum 3.0x and that the Total Secured Loan to Value Ratio is reduced from maximum 65% to maximum 60%. As compensation, Axactor will pay an amendment fee of 0.50% of the Nominal Amount of the Outstanding Bonds as further described in the summons.

All capitalised terms used, but not defined herein, shall have the same meaning assigned to them in the bond terms between the Issuer and the Bond Trustee dated 10 September 2021.

For additional information please contact:

Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Chief of Strategy & IR, Axactor
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com