Kongsberg Automotive

Kongsberg Automotive to hold fixed income investor meetings and contemplates EUR bond issue

Kongsberg, June 3, 2024: Kongsberg Automotive ASA (KA), rated B1 by Moody's and

B- by S&P, has mandated ABG Sundal Collier and Danske Bank as Joint Lead

Managers & Bookrunners to arrange a series of physical and virtual fixed income

investor meetings commencing on Wednesday, June 5, 2024. A new senior secured

four-year bond issue may follow, subject to inter alia market conditions.

The net proceeds from the contemplated bond issue will be used, together with

available cash, to refinance the outstanding senior secured bonds due on July

15, 2025 (Existing Bonds). The Existing Bonds are issued by Kongsberg Actuation

Systems BV, a wholly owned subsidiary of KA. After the Asset Disposition offer

was concluded on May 28, 2024, the net outstanding principal amount is EUR 155

million. Subject to completion of the contemplated new bond issue, KA will call

the remaining outstanding amount of the Existing Bonds in whole.

In connection with the contemplated new bond issue, KA has received commitment

from Danske Bank for a new EUR 15 million senior secured revolving credit

facility (New RCF). The New RCF will replace the existing revolving credit

facility. The New RCF will be available for general corporate purposes and is

subject to the successful placement of the new bond issue.

"This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act. This stock exchange

announcement was published by Therese Sjöborg Skurdal, Director Corporate

Communications, on the date and time provided."

Media and communications contact

Therese Sjöborg Skurdal - Director Corporate Communications

+47 982 14 059

Investor Relations contact

Mads Langaard - Head of Investor Relations

+47 905 81 264

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information at: www.kongsbergautomotive.com

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