Reference is made to the stock exchange notification from Borgestad ASA (the “Company”) earlier today, 20 December 2023, regarding the final results of the subsequent offering of shares in the Company, as well as earlier stock exchange notifications from the Company regarding the private placement of shares in the Company placed on 6 November 2023 (the “Private Placement”).
The Company has today repaid its bond loan (BOR04) with a principal amount of NOK 100 million (the “Bond Loan”) in its entirety through a voluntary early redemption of the issued bonds at a price equal to 100% of the nominal value. Furthermore, the Company has today repaid EUR 10 million, plus an ordinary instalment of EUR 0.2 million, of the group’s investment loan in Pekao S.A. Bank (the “Agora Bytom Facility”) in connection with the extension, and amendment of certain terms, of this loan, as announced in the stock exchange notification published on 13 December 2023. The relevant amendments of the loan terms for the Agora Bytom Facility have consequently entered into force, and the new outstanding principal amount of the loan is EUR 29.9 million.
The repayments of the Bond Loan and the Agora Bytom Facility are in their entirety financed through the net proceeds from the Private Placement.
The Company is pleased to announce that the planned refinancing of the group has now been completed
This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.