Elmera Group ASA

Capital/Financing Update • Sep 26, 2024

Elmera Group ASA: Refinancing complete

Elmera Group ASA: Refinancing complete

Reference is made to the announcement regarding refinancing in the company's quarterly report for the second quarter of 2024.

Elmera Group ASA has today completed the refinancing of its senior secured term and revolving facilities. The new facilities have similar terms as the previous facility, however so that the new aggregate amount available to Elmera Group ASA and its subsidiaries will be NOK 8.05b and will consist of a NOK 850m term loan facility, a NOK 5.2b revolving credit facility (including a NOK 1.5b overdraft facility) and a NOK 2.0b guarantee facility. Terms are otherwise in line with that which has been presented previously. The facility tenor is 3 years, with 1+1 years extension options.

The new facilities are provided by a syndicate of banks consisting of DNB Bank ASA, Danske Bank, Norwegian Brach, Sparebanken Vest and Swedbank AB (publ), and will be used to refinance existing debt, general corporate purposes and working capital as well as providing a liquidity reserve for the group.

For further information, please contact: Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, + 47 970 62 526