Update On Financing Of Otovo’s Subscription Assets

23 Dec 2022 08:00 CET

Reference is made to Otovo’s Q3 presentation, where the company expressed its
intention to finalize the refinancing of the company’s subscription asset
special purpose vehicle, before year end.

Otovo has been running a process this autumn with multiple banks, and is now
finalizing the preferred extended financing structure. The company is confident
in closing the refinancing in January 2023.

The company has increased its existing credit facility to NOK 250 million
awaiting closure of the process.

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About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the
roof, and batteries in the home. Otovo is a marketplace that organises hundreds
of local, vetted, high quality energy installers. The company uses its
proprietary technology to analyse the potential of any home and finds the best
price and installer for customers based on an automatic bidding process between
available installers.

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and more.

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