QBEN INFRA AB: Contemplated new senior unsecured bond issue

09 Dec 2024 08:01 CET

Qben Infra AB (publ) ("Qben Infra”), the parent company of ININ Group AS (the
"Company"), has mandated DNB Markets, a part of DNB Bank ASA, Sweden branch, as
sole bookrunner to arrange a series of credit investor meetings to explore the
possibility of issuing floating rate senior unsecured bonds under a total
framework of SEK 1,000m, with an expected tenor of three years and an expected
initial amount of SEK 600m (the "New Bonds"). Subject to market conditions, a
capital markets transaction may follow. The proceeds from the New Bonds are
intended to be used to refinance the outstanding bonds issued by the Company
under its senior secured NOK 300m bond issue (ININ01) with ISIN NO0013105114
(the “Existing Bonds”) and certain existing bank debt within the Qben Infra
group, as well as for general corporate purposes.

As part of the transaction relating to the New Bonds, the Company intends to
exercise its right to early redemption (call option) in accordance with the bond
terms governing the Existing Bonds. The early redemption will inter alia be
conditional upon the successful issuance and settlement of the New Bonds,
including the full and due receipt of funds by Qben Infra which will enable it
to finance the redemption. The redemption date is expected to be 8 January 2025.
The Company will publish a separate press release once the right of early
redemption has been formally exercised.

For further information, please contact:

Øivind Horpestad, CEO of the Company and Qben Infra
Tel: +47 910 00 626

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