B2 Impact ASA: Commercial Update and Additional Dividend for 2023

14 Oct 2024 08:00 CEST

Oslo, 14 October 2024

Commercial Update

During the third quarter B2 Impact ASA ("B2 Impact" or the "Company") has
refinanced a substantial part of its outstanding debt through extension of its
Revolving Credit Facility in August and through the issue of a EUR 200 million
senior unsecured bond (B2I08) in September with a 4.5 year duration and with a
floating rate coupon of 3-month EURIBOR + 3.90% per annum.

With the refinancing, the Company will have a blended cost of debt of 6.6%
representing a yearly saving of approximately NOK 275 million per year going
forward compared with end of 2023.

In connection with the issue of B2I08, the company exercised the call option
of B2H06. Following the exercise of the call option of B2H06 the covenants of
the Company's outstanding bonds, B2I07 and B2I08, allows for an additional
dividend for 2023.

The call option fee for B2H06 and other fees in connection with the
refinancing will be accounted for in the third quarter this year as
non-recurring items and will not reduce the basis for dividend for 2024.

The Company currently sees increased market activity, a growing pipeline, and
maintains the investment target of NOK 2.5 to 3 billion for 2024. Cash
collections remain strong. Q3 unsecured collections is expected at 107% of the
latest forecast, and secured cash collections above Q2 levels driven by higher
REO sales. Strong collections and continued cost control allows for a Cash
EBITDA comfortably above NOK 1 billion for the third quarter. The Company's
continued strong cash flow performance, growth prospects, solid financial
position and covenants is expected to create a potential for solid dividend
payments for the coming years

Additional Dividend

The Board of B2 Impact ASA has approved an additional dividend for 2023 of NOK
0.60 per share. See separate Oslo Stock Exchange release for details regarding
payment of dividend.

For further information, please contact:

Rasmus Hansson, Head of Investor Relations and M&A
Mobile: +47 952 55 842
E-mail: rasmus.hansson@b2-impact.com

or

André Adolfsen, CFO
Mobile: +47 930 19 150
E-mail: andre.adolfsen@b2-impact.com

About B2 Impact
B2 Impact is one of the leading pan-European debt management companies. B2
Impact offers solutions to the challenges created by defaulted loans, and
provide liquidity to financial institutions, contributing to a healthier
financial system. B2 Impact promote lasting financial improvement through
transparent and ethical debt management. The Company was founded in 2011 and
employs around 1,550 people. B2 Impact is headquartered in Oslo, Norway and
the B2 Impact share is listed on the Oslo Stock Exchange under the ticker
"B2I". For further information, visit www.b2-impact.com
(http://www.b2-impact.com/)

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2024-10-14 08:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

629506_B2 Impact ASA- Commercial Update and Additional Dividend for 2023.pdf