Scana — Capital/Financing Update 2025

Jun 30, 2025

Scana ASA: Adjustment of loan agreement

Scana ASA: Adjustment of loan agreement

Bergen, 30 June 2025: Scana ASA and DNB Bank ASA have agreed on an adjustment to the existing loan agreement with an improved covenant structure that is more adapted to the company’s operations.

The company has, through a proactive dialogue with DNB, secured an adjustment to the loan agreement’s covenant structure. The new structure is more adapted to Scana’s operations and reduces the risk of covenant breaches.

The existing NIBD/EBITDA-covenant (adjusted EBITDA measured according to NGAAP) is replaced with a covenant based on nominal quarterly EBITDA (adjusted EBITDA measured according to NGAAP). The adjustment applies to the quarters Q2, Q3 and Q4 of 2025.

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 Stian Vikebø, General Counsel at Scana ASA, on 30 June 2025 at 16:47 CEST.

For more information, please contact:

Baste Tveito, CEO, Scana ASA, +47 916 69 641

Scana in brief

Scana is an active industrial owner of technology and services to both the energy and offshore industries. With an industrial history dating back to the early 1900s, Scana has evolved to become a leader in technology and innovation. This journey has provided a unique position to shape solutions for tomorrow, driven by extensive industrial experience combined with quality and value creation. Scana is headquartered in Bergen and has above 600 employees. www.scana.no