New debt facility agreement

08 Feb 2023 07:30 CET

The Board of Directors in Mintra Holding AS have approved a new credit facility
with Nordea Bank on the 8th February 2023.


The agreement implies the following new debt structure: 

Term loan A,         mNOK 120, straight line 5 year amortization 

Term loan B,         mNOK 120, 5 year bullet  

RCF facility,      mNOK 30, annual clean down 

 

Significant covenants are:  

Maximum NIBD/ EBITDA leverage.

Initial restriction on 3.8x being reduced to 2.5x during the lifespan of the
agreement. 

Tjaldur Holdco together with Ferd to hold a minimum of 1/3 the total number of
shares in Mintra Holding AS. 

 

Proceeds from the facility may be allocated to 

repayment of the current financial debt to Nordea

distribution of dividend  

general business and corporate purposes 

 

The facility is NOK based, has competitive interest margin depending on
leverage. Base rate set on relevant IBOR.

 


For further information please contact:  

Kevin Short, CEO, tel: +44 1224 651340  

email: kevin.short@mintra.com  

  

Jostein Hufthammer, CFO, tel: +47 488 94 940  

email: jostein.hufthammer@mintra.com  

  

Triin Barrow, Investor Relations, tel: +44 1224 052164  

email: triin.barrow@mintra.com  

  
About Mintra  
Mintra Holding AS is a technology company which has been shaping the eLearning
industry for more than 30 years. By taking pride in supporting more than 3,600
companies develop and deploy their people to meet competency and training
requirements, Mintra has solidified its position as a preferred partner in the
eLearning and human capital management solutions markets. Mintra is focused on
clients with workforces operating in safety-critical industries such as energy
and maritime where regulatory training is mandatory and needs to be refreshed
and assessed on a frequent basis.  

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