ML 33 Holding AS – Agreement to refinance bonds and cure covenant breach

14 Sep 2023 22:07 CEST

ML 33 Holding AS (the “Company” or the “Issuer) is pleased to announce that ML
33 Invest AS has signed a term sheet for a new NOK 475 million twelve-month
Nordic Trustee documented bond (the “New Junior Bond”) to refinance the existing
NOK 360 million bond with ISIN NO0010768492 (the “Bond Issue”) and additional
capital to cover the NOK 90.5m security requirement from the NOK 2,240 million
senior bond with ISIN NO0010669625 (the “Senior Bond”).

The New Junior Bond is subject to customary conditions precedent, inter alia,
final loan documentation as well as approval from the bondholder in the Senior
Bond. There are no due diligence requirements from the new lender.

The New Junior Bond is subject to credit committee approval of the bondholder in
the Senior Bond. To avoid an event of default under the Bond Issue, the senior
bondholder has confirmed it will not take any enforcement action before the
transaction has been processed in their credit committee, expected to take place
in the week commencing 18 September 2023.

The Company will call the Bond Issue subject to fulfilment of the conditions
precedents mentioned above.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 of the Norwegian Securities Trading
Act. This stock exchange announcement was published by Kristian Nordtømme,
Business Manager of ML 33 Holding AS, on 14 September 2023 at 22:07 CEST.

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