MACQUARIE ASSET MANAGEMENT TO ACQUIRE ZITON A/S

27 Sep 2024 15:00 CEST

Macquarie European Infrastructure Fund 7, advised by Macquarie Asset Management,
(“Macquarie”) has entered into a share purchase agreement with funds advised by
Permira Credit and other existing shareholders (together, the "Sellers") to
acquire all issued and outstanding shares of Zappy TopCo ApS and its
wholly-owned subsidiary ZITON A/S (“ZITON”), a leading offshore wind operations
and maintenance (O&M) business (the “Transaction”).
Completion is anticipated by December 2024 or Q1 2025, subject to regulatory
approvals, at which time Macquarie will obtain 100% ownership of ZITON.
The Transaction is expected to have the following effects on ZITON’s capital
structure:
The first lien bond (ISIN NO0012928185), listed on Oslo Børs, Senior Secured
ESG-linked loan and the Super Senior Working Capital Facility are expected to be
retained in the capital structure. ZITON will seek consents from bondholders and
lenders including a Written Resolution seeking bondholders’ approval of
Macquarie as a Permitted Transferee under the bond terms.
The Second lien bond (ISIN NO0012928169) will be purchased by Macquarie.
Further announcements regarding the Transaction will be made if and when
appropriate.

For further information, please contact
Thorsten Jalk, CEO ZITON A/S Jens Michael Haurum, CFO ZITON A/S
email: thj@ziton.eu email: jmh@ziton.eu
direct: +45 8744 4410 direct: +45 8744 4430


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Jens Michael Haurum, CFO on the
time and date provided.

More information:
Access the news on Oslo Bors NewsWeb site

628701_1 - Macquarie Asset Management to acquire ZITON.pdf