NRC Group ASA – Successful placement of new bond issue

Reference is made to the press release dated 20 August 2019 by NRC Group.

NRC Group has successfully completed the issuance of NOK 600 million senior unsecured bonds. The bond issue was substantially oversubscribed. Settlement is expected to be 13 September 2019, with final maturity 13 September 2024. The bonds have a floating coupon rate of 3 months NIBOR + 4.00% p.a. An application will be made for the bonds to be listed on the Oslo Børs. The net proceeds from the bond issue will be used to refinance existing bank debt to further increase the financial flexibility. 

 Danske Bank acted as Sole Bookrunner for the issuance of new bonds.

For more information, please contact: Dag Fladby, CFO of NRC Group, Tlf: +47 90 89 19 35