Axactor SE

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

Kyrre Svae, Chief of Strategy & IR, Axactor

Tel: +47 478 39 405

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