HX Hold Co Ltd enters into a new EUR 50 million super senior cash management facility

06 Jan 2026 18:21 CET

London, 6 January 2026 – HX Hold Co Ltd (together with its subsidiaries, the
“Group”) is pleased to announce that it has entered into a new EUR 50 million
super senior cash management facility today (the “Facility”) with certain
existing investors.

The Facility will terminate on 30 June 2027 and has been established to support
the ongoing provision of letters of credit and related ancillary arrangements
for the benefit of the Group, in the ordinary course of its business. The
Facility will be used in part to refinance certain of the Group’s existing
working capital facilities, while providing additional financial flexibility to
enhance the Group’s ability to efficiently manage its operational requirements
in support of its business and growth strategy.

Other key terms of the Facility include:
• Interest: E+450 bps (PIK)
• Credit support: Same security package and guarantors as the Group’s Senior
SSNs, on a super senior basis
• Covenants: Same restrictive covenants as the Group’s Senior SSNs, with
additional restrictions on (i) the Group’s use of certain bank accounts used to
post cash collateral for the purposes of its working capital facilities, and
(ii) the sale of certain vessels owned by the Group
• Customary events of default

The report is available on the Oslo Stock Exchange (Oslo Børs) website under the
company’s ticker symbol HXHC01, the Nordic Alternative Bond Market (Oslo Børs)
website under the ticker symbol HXHC02 PRO and can also be accessed on HX
Expeditions website https://www.travelhx.com/investors

For further information, please contact:
Chloe Couchman EVP of Communications
investor.relations@travelhx.com

More information:
Access the news on Oslo Bors NewsWeb site