Møller Mobility Group offers to buy back outstanding bonds and will terminate credit rating

16 May 2025 08:30 CEST

Møller Mobility Group announces today that the company is offering to buy back
the remaining outstanding bonds due in March 2026 (ISIN: NO0010961055) at par
(100% of nominal value) and has the intent to simultaneously terminate its
credit rating from Nordic Credit Rating.


Møller Mobility Group has had an Investment Grade credit rating (BBB-) from
Nordic Credit Rating since 2021 in connection with the group's bonds listed on
the Nordic Alternative Bond Market.
After an overall assessment in close consultation with the board and its owner
Aars, the company has decided that the current requirement to maintain an
Investment Grade rating provides reduced strategic flexibility for both Møller
Mobility Group and Aars related to capital structure. The company therefore
offers to buy back outstanding volumes and is establishing other alternatives to
optimize the capital structure for the group.
Related to this, the company also has the intent to terminate the credit rating
from Nordic Credit Rating.


It is less than one year left until the maturity of the company's outstanding
bond loan of NOK 600 million (ISIN: NO0010961055). The company has previously
repurchased NOK 122 million of the loan. Møller Mobility Group is offering to
repurchase the remaining outstanding bonds maturing on March 30, 2026, at par
(100%) plus outstanding accrued interest. In connection with the repurchase, the
company has engaged Nordea as Manager. The settlement date for the repurchase
will be May 28, 2025.


Møller Mobility Group has a sustainability-linked revolving credit facility with
a broad syndicate of banks totaling NOK 3,500 million that matures December
2027, which remains the company's main source of financing.

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