Solstad Maritime ASA: Successful amendment and extension of existing credit facilities

11 Dec 2025 13:56 CET

Skudeneshavn, 11 December 2025

Solstad Maritime AS, a subsidiary of Solstad Maritime ASA ("SOMA"), has today
signed an amendment and restatement agreement with DNB Bank ASA as agent for a
loan syndicate totaling USD 621 millions and revolving credit facility of NOK
600 million at 17[th] December 2025 (Effective Date).

Highlights from the amended facilities agreement:

· The term of the loan has been extended by 2 years, with maturity extended
from January 2027 to January 2029. The lenders' option to further extend the
term of the loan by an additional 2 × 1 year is maintained.
· The amortization profile is adjusted to reflect a 7-year profile based on
outstanding debt at the Effective Date, reducing annual scheduled installments
from the current USD 131 million to USD 90 million.
· The interest margin subject to the Company's leverage as measured through
NIBD / LTM EBITDA (the "Leverage Ratio") has been adjusted with the following
margins for given thresholds: 370 bps for a Leverage Ratio exceeding 2.5x,
325bps for a Leverage Ratio between 2.5x and 2.0x, and 290bps for a Leverage
Ratio below 2.0x.

 "The improved terms and conditions for the amended facility agreement
strengthens our financial position and visibility" said Lars Peder Solstad, CEO
of Solstad Maritime ASA

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Maritime ASA

www.solstad-maritime.com

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. The information was
submitted for publication by CFO Kjetil Ramstad at the date and time set out
herein, on behalf of the Company.

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