Fjord1 AS has reached an agreement with investors for the refinancing of the group's loan facilities (the “Refinancing”). Completion of the Refinancing is subject to documentation and customary closing mechanisms and is expected to occur in April 2022 or early May 2022. The purpose of the Refinancing is, inter alia, to repay the outstanding bond with ticker FJORD01 and ISIN NO0010810302 (the “Bond Loan”), and where Pareto Securities AS will primo May 2022 assume the role as paying agent.

Following fulfilment of the closing procedures, the Company will fund a defeasance account with sufficient funds to pay all outstanding interest and principal until and including the maturity date 22 November 2022. The Company expects to launch a buyback offer to the existing bondholders after completion of the Refinancing. No assurances can however be given that any buyback offer will be launched following the Refinancing.

Pareto Securities AS (the “Advisor”) is acting as the sole financial advisor to the Company and Wikborg Rein Advokatfirma AS is acting as legal advisor to the Company. Advokatfirmaet Thommessen AS is acting as legal advisor to the Advisor. This release is considered to contain inside information related to the Bond Loan pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR and Section 5-12 the Norwegian Securities Trading Act.

The announcement is made by Head of Finance Ane Eliassen on 31 March 2022 at 11:50 CET.