ML33 Holding AS – Extended senior bond and mandate announcement

17 Nov 2022 14:31 CET

With reference to the stock exchange notice dated 14 November 2022 concerning
the successful completion of the new lease contract with Equinor ASA, ML33
Holding AS (“ML33” or the “Company”) is taking subsequent steps to address its
capital structure.

The Company is pleased to announce an extension of its NOK 2,240 million senior
bond (ISIN NO 0010669625) (the “Senior Bond”) with original maturity date 18
January 2023. The new maturity date falls on 10 January 2025 and carries a
fixed coupon of 6.50% to maturity.

Following the successful contract renegotiation, and to address the upcoming
maturity 27 December 2022 of the NOK 682 million bond with ISIN NO 0010768492
(the “Bond Issue”), the Company has mandated Arctic Securities AS to facilitate
meetings with bondholders. Subject to, inter alia, investor feedback and market
conditions, the Company seeks to present an extension proposal to its
bondholders, which may involve an extension of the Bond Issue for one year,
partial repayment and/or other amendments.

A company update will be made available on the Issuer’s website at
https://www.arctic.com/abm/en.

Contacts:
Anton Alsö
Corporate Finance – Arctic Securities
anton.also@arctic.com

Joakim Noraas
Corporate Finance – Arctic Securities
joakim.noraas@arctic.com

More information:
Access the news on Oslo Bors NewsWeb site