Zalaris ASA: New Revolving Credit Facility will significantly reduce financing costs

24 Oct 2025 07:23 CEST

Zalaris (Ticker: ZAL) has secured a EUR 40 million, 3+2-year Revolving Credit
Facility (RCF), from Nordea to refinance its current EUR 40 million senior
secured bond loan (ISIN: NO00128644).

This refinancing is expected to lower annual interest expenses by NOK 16 - 18
million, which translates to an estimated increase in earnings per share of NOK
0.58 - 0.65, based on the leverage ratio as of Q3 2025.

Closing is planned by mid-November; bondholders will receive a redemption notice
in due time.

Contact:

Gunnar Manum, CFO
Mobile: +47 951 79 190
E-mail: gunnar.manum@zalaris.com

About Zalaris

Zalaris is a trusted global provider of cloud-based Payroll and Human Capital
Management (HCM) solutions, helping international organizations streamline HR
processes with efficiency, transparency, and regulatory compliance.

With over 1,200 skilled #teamZalaris members across 18 countries, we support
organizations in more than 150 countries through one unified, cloud-based
platform - Peoplehub. Our mission is to simplify HR and payroll operations by
offering scalable solutions that reduce administrative complexity, ensure
compliance, and provide actionable insights. By enabling businesses to focus on
their people, we empower them to drive strategic growth and create long-term
value.  To learn more, visit zalaris.com.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act.

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