Scatec successfully places NOK 1,000 million unsecured green bonds, completing refinancing of bridge facility

10 Feb 2023 16:02 CET

Oslo, 10 February 2023: Scatec ASA, a leading renewable energy company in
emerging markets, has successfully placed NOK 1,000 million of new senior
unsecured green bonds to refinance the remaining USD 93 million of the bridge
facility established when Scatec acquired SN Power in 2021.

The new bonds have maturity in February 2027 and will have a coupon of 3 months
NIBOR plus 660 bps. The weighted average margin and tenor on Scatec's group
level debt portfolio including the new bonds are 3.25 percent and 3.5 years
respectively.

"With this bond transaction we have completed the refinancing of the bridge
facility established when Scatec acquired SN Power in 2021. Our growing asset
portfolio is generating solid long-term cash flows and we are pleased to see
continued strong support from our relationship banks and the bond market. We
have furthermore strengthened our balance sheet through the recently announced
asset sale in South Africa and a revised dividend policy. We will remain
disciplined in our approach to new investments and continue to see attractive
growth opportunities in our focus markets," says Scatec CEO Terje Pilskog.

DNB Markets, Nordea and Sparebank 1 Markets acted as Joint Lead Managers and DNB
Markets and Nordea acted as Green Bond Advisors in connection with the placement
of the new bond issue. See Scatec's Green Financing Framework
(https://scatec.com/sustainability/esg-resources/) for details.

An application will be made for the bonds to be listed on Oslo Børs.

About Scatec?
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our close to 800 passionate
employees and partners who are driven by a common vision of 'Improving our
Future'. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock
Exchange under the ticker symbol 'SCATC'.?To learn more, visit?www.scatec.com
(https://scatec.com/)?or connect with us on?LinkedIn
(https://www.linkedin.com/company/scatec).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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