Qben Infra AB successfully issues bonds of SEK 500 million to refinance the outstanding ININ bond, certain bank debt as well as fund general corporate purposes including two pending add-on acquisitions

19 Dec 2024 21:38 CET

19.12.2024 Qben Infra AB (publ) (“Qben”) successfully issues senior unsecured
bonds of SEK 500 million to refinance the outstanding ININ bond and certain bank
debt within the Qben group as well as fund general corporate purposes, including
two pending add-on acquisitions, as announced on 9 December 2024.

Qben has successfully issued senior unsecured bonds of SEK 500 million under a
framework of SEK 600 million. The bonds will carry a floating interest rate of
3m Stibor + 800 basis points per annum and mature in December 2027. The expected
settlement date of the bonds is 27 December 2024.

“We are pleased with the support from both Nordic and international credit
investors, which has enabled us to refinance the majority of the existing ININ
and Qben Infra debt at the new parent level. The bond issue is essential to gain
financial and operational flexibility which will enable us to execute on the
business plan established for the newly combined, and listed, entity Qben Infra
AB, says Øivind Horpestad, CEO of Qben Infra AB.

Qben intends to first apply for admission to trading of the bonds on Nasdaq
Transfer Market, and thereafter, within twelve months of the issue date, on the
corporate bond list of Nasdaq Stockholm.

DNB Markets, as part of DNB Bank ASA, Sweden Branch acted as sole bookrunner in
the transaction.

Mannheimer Swartling acted as legal advisor to DNB Markets and Vinge acted as
legal advisor to Qben.

For further information, please contact:
Øivind Horpestad, CEO, Qben Infra AB

+47 910 00 626

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