Ekornes QM Holding AS: Successful placement of new 3.5-year senior secured bonds

24 Feb 2023 14:51 CET

Ekornes QM Holding AS has today successfully placed NOK 1,200 million in
3.5-year senior secured floating rate bonds due 10 September 2026. The net
proceeds from the bond issue will be used to refinance (in whole) the
outstanding bond issue with ticker EKO01 (ISIN: NO0010848401) and general
corporate purposes. An application will be made for the bonds to be listed on
the Oslo Stock Exchange within six months.

DNB Markets and SEB acted as Joint Bookrunners for the successful bond issue.

In conjunction with the new bond issue, Ekornes will buy back EKO01 bonds from
existing bondholders participating in the new bond issue, at a price of 103% of
par. Ekornes will call the remaining EKO01 bonds with expected settlement date
on 3 April 2023.

For more information, please contact:
Fredrik Ødegård Nilsen, CFO and Interim CEO Ekornes AS
FON@Ekornes.com
Tel: +47 70 25 52 00

About Ekornes QM Holding Group
Ekornes QM Holding AS was founded 4 January 2018 with the purpose of acquiring
the Ekornes Group. In May 2018, an offer was made to purchase the shares of all
Ekornes shareholders. The share purchase was completed in August 2018 and the
Group was delisted from the Oslo Stock Exchange in October 2018. Norwegian
ultimate parent company Ekornes QM Holding AS is a subsidiary of Qumei Home
Furnishings Group. Qumei Group owns 94,12% of the shares in Qumei Runto S.à.r.l
and Hillhouse investment owns 5,88% of the shares in Qumei Runto S.à.r.l

Qumei Runto S.à.r.l owns 100% of the shares in Ekornes QM Holding AS. The
Ekornes Group is the only operational part of the Ekornes QM Holding Group.
Ekornes is the largest furniture producer in Norway and owns the brand names
Ekornes®, Stressless®, Svane® and IMG. Stressless® is one of the world’s most
well-known furniture brands. Production takes place at the Group’s eight
factories, five of which are in Norway, one in the USA, one in Thailand and one
in Lithuania. Ekornes sells its products over large parts of the world, either
through its own sales companies or via importers.

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