Capital/Financing Update • Jun 14, 2024
Capital/Financing Update
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Norske Skog: Successful placement of Senior Unsecured Bond Issue
Oslo, 14 June 2024: Norske Skog ASA (“Norske Skog” or the “Company”) has successfully completed a NOK 1 400 million senior unsecured bond issue with a 5-year tenor. The bonds will carry a coupon of 3 months NIBOR + 4.50% per annum. The transaction attracted strong investor interest and was significantly oversubscribed.
Settlement of the bond issue is expected to occur on or about 25 June 2024. The net proceeds from the bond issue will be used to refinance the Company’s existing NSKOG02 EUR 150 million senior secured bonds (ISIN NO 0010936065) and for general corporate purposes. An application will be made for the bonds to be listed on the Oslo Stock Exchange.
DNB Markets and Pareto Securities acted as Joint Lead Managers in connection with the placement of the bond issue.
About Norske Skog ASA
Norske Skog is a leading producer of publication paper with strong market positions and customer relations in Europe and Australasia. The Norske Skog group operates four mills in Europe, which produce publication paper, recycled packaging paper, energy and bioproducts. In addition, the Company operates one paper mill in Australia. Norske Skog aims to further diversify its operations and continue its transformation into a growing and high-margin business through a range of promising energy and bio product development projects. The Group has approximately 2 100 employees, is headquartered in Norway and listed on the Oslo Stock Exchange under the ticker NSKOG.
For further information:
Norske Skog media:
Vice President Communication and Public Affairs
Carsten Dybevig
Email: [email protected]
Mob: +47 917 63 117
Norske Skog capital markets:
Vice President Corporate Finance
Even Lund
Email: [email protected]
Mob: +47 906 12 919
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