Adevinta - Capital/Financing Update 2020

Adevinta ASA (ADE) - Adevinta announces Closing of Senior Secured Notes Offering and Entry into Senior Secured Term Loan B Facility

Oslo, 5 November 2020 - Further to its announcement on 22 October 2020

regarding pricing of its Notes and Term Loan B (as defined below), Adevinta ASA

("Adevinta") announced today that it has issued (i) EUR660 million aggregate

principal amount of 2.625% senior secured notes due 2025 and (ii) EUR400 million

aggregate principal amount of 3.000% senior secured notes due 2027

(collectively, the "Notes"). The Notes were issued pursuant to an indenture

dated the date hereof between, among others, Adevinta and Citibank N.A., London

Branch, as trustee and security agent.

Concurrently with the consummation of the offering of the Notes, Adevinta

entered into a new senior secured Term Loan B facility consisting of (i) a EUR900

million EUR-denominated tranche (the "EUR TLB") and (ii) a $506 million U.S.

dollar-denominated tranche (the "USD TLB" and, together with the EUR TLB, the

"Term Loan B"). The EUR TLB will bear interest at a rate per annum equal to

EURIBOR (subject to a floor of zero) plus 3.250%, subject to a leveraged based

margin ratchet. The USD TLB will bear interest at a rate per annum equal to

LIBOR (subject to a 0.75% floor) plus 3.000%, subject to a leveraged based

margin ratchet.

For more information on the use of proceeds of, and guarantees relating to, the

Notes and Term Loan B, see Adevinta's press release "Adevinta announces Pricing

of Senior Secured Notes and Term Loan B" dated 22 October 2020.

This press release is neither an offer to sell nor the solicitation of an offer

to buy any securities and shall not constitute an offer, solicitation or sale in

any jurisdiction in which such offering, solicitation or sale would be unlawful.

The Notes discussed in this release have not been, and will not be, registered

under the U.S. Securities Act of 1933, as amended, and may not be offered or

sold in the United States or to US persons without registration or pursuant to

an applicable exemption from registration under that act.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

Manufacturer target market (MIFID II product governance) is eligible

counterparties and professional clients only (all distribution channels). No

PRIIPs key information document (KID) has been prepared as not available to

retail investors in EEA or the United Kingdom.

AI assistant