Multiconsult

Multiconsult ASA - successful refinancing of credit facilities

Multiconsult ASA (Oslo: Multi) has today successfully refinanced its existing

Revolving Credit Facility (RCF) of NOK 800 million. The company has secured a

new and expanded NOK 2.1 billion RCF with Nordea Bank Abp, including an

uncommitted accordion option of NOK 1 billion. In addition, the credit facility

linked to the group's global cash pool has been increased from NOK 320 million

to NOK 400 million. This brings the total available credit facilities, including

the accordion option, to NOK 2.5 billion, an increase from the previous NOK 1.12

billion.

The facilities will be used for general corporate purposes, acquisitions and

working capital, while also strengthening the group's liquidity reserve. The

refinancing underscores Multiconsult's strong financial position and continued

access to attractive bank financing and supports both the group strategy and a

continued strong liquidity position. The intention is to transition the new

facilities into a sustainability-linked loan.

Key highlights and financial covenants:

Multiconsult secured financing at attractive terms, linked to a margin grid

based on leverage ratio. The RCF has a three-year maturity and expires on 30

June 2028.

Leverage ratio (NIBD/EBITDA R12M): Not to exceed 3.50x, and not to exceed 3.00x

for 18 consecutive months.

Equity ratio: Minimum 20 per cent at all times, and above 25 per cent for 18

consecutive months.

Measurement shall take place quarterly and exclude IFRS 16 effects.

Negative pledge: Applies to both Multiconsult ASA and Multiconsult Norge AS,

restricting new secured debt without prior bank consent.

"This refinancing strengthens our financial flexibility and supports our

strategy. The increased facility and improved terms reflect the confidence our

main relationship bank have in Multiconsult's performance and supports our

capital structure," said Ove B. Haupberg, CFO, Multiconsult ASA.

For further information, please contact:

Investor relations:

Pål-Sverre Jørgensen, Group Treasurer & IRO

Phone: +47 416 11 161

Media:

Cato A. Mørk, Senior Communication Advisor

Phone: +47 924 55 663

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