RelyOn Nutec A/S successfully places EUR 80 million of senior secured sustainability-linked floating rate bonds

26 Apr 2023 18:33 CEST

RelyOn Nutec A/S (the “Company” and the Company together with all its respective
subsidiaries from time to time, the “Group”) has, following a bookbuilding
process, successfully placed EUR 80 million of senior secured
sustainability-linked floating rate bonds (the “New Bonds”).

The New Bonds will have a tenor of 3 years and carry a floating rate coupon of
3m EURIBOR + 825 basis points per annum.

The net proceeds from the New Bonds will be applied towards redeeming the
Group’s outstanding EUR 57 million bond (Including PIK interest, ISIN:
NO0010831373), repayment of the outstanding RCF facilities and to finance
general corporate purposes including acquisitions and investments.

The transaction received strong interest from investors across the Nordics,
continental Europe, and the U.S. with participation in the placement from both
existing and new investors, ultimately resulting in an oversubscribed book and
upsizing the bond issue.

Settlement of the New Bonds is expected to take place May 12, 2023 and will be
listed on Oslo Stock Exchange (or another regulated market) within 12 months of
the first issue date and the Open Market of Frankfurt Stock Exchange within 60
days of the first issue date and with the intention to list the New Bonds on
such exchange within 30 days.

Pareto Securities acted as sole bookrunner in the transaction. Wikborg Rein
acted as legal advisor.

More information:
Access the news on Oslo Bors NewsWeb site

588659_RelyOn - Completion - PSEC.pdf