Fibo Group AS – successful placement of new bond issue

13 Jan 2022 14:01 CET

Fibo Group AS has successfully completed a NOK 500m senior secured bond issue
with a tenor of 3 years and a coupon rate of 3m NIBOR + 6.00% p.a (the “Bonds”
or the “Bond Issue”). The Bond Issue attracted significant interest from the
Nordics and Europe and was oversubscribed.

Settlement date is set to 28 January 2022 and the Bonds will be applied for
listing on Oslo Børs. Net proceeds from the Bond Issue will partly be applied
towards the repayment of the NOK 250m senior secured bond issue with ISIN
NO0010847379 maturing on 2 April 2022.

ABG Sundal Collier ASA, Carnegie AS, and DNB Markets, a part of DNB Bank ASA
acted as joint bookrunners in connection with the Bond Issue.

For further information please contact:
Per Richard Olsen, CFO
E-mail: pol@fibosystem.com
Mobile: +47 930 19 660

About Fibo
Founded in 1952, Fibo is a Norwegian market leading manufacturer of high-quality
wet room wall panels, kitchen backsplashes, countertops, and accessories. Wet
room wall panels are by far the greatest contributor with ~75% of sales and
where Fibo has a dominating market position with c. 70% market share in Norway.
Geographically, Norway accounts for 62% of sales, followed by UK (13%), Sweden
(8%), and other including North America (17%). Fibo has experienced significant
growth in recent years with Q3 (21) R12m sales and EBITDA of NOK 721m and NOK
102m, respectively, corresponding to a margin of 14.3%.

More information:
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