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Basware participates in EUR 82 million multi-issuer bond guaranteed by Garantia with EUR 10 million loan share

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Basware Corporation, stock exchange release, September 7, 2018 at 4.20pm

Basware participates in EUR 82 million multi-issuer bond guaranteed by Garantia with EUR 10 million loan share

Basware participates in EUR 82 million multi-issuer bond guaranteed by Garantia Insurance Company Ltd with EUR 10 million loan share. The bond’s maturity is five years and its issue date is September 14, 2018. The offering was sold to institutional and other professional investors. The bond bears a fixed coupon interest of 1.375 per cent per annum and the issue price is 99.918 per cent. In addition to coupon interest, Basware pays an annual guarantee fee to Garantia.

The proceeds from the loan share will be used for Basware’s general corporate purposes. Through this arrangement Basware extends its debt maturity profile, diversifies debt funding sources and further supports its growth strategy execution.

For more information, please contact:

Ben Selby, Head of Investor Relations, Basware Corporation
Tel. +358 50 305 8077, ben.selby@basware.com

Distribution:
Nasdaq Helsinki
Main media
investors.basware.com/en

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked source-to-pay solutions, e-invoicing and value added services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at https://investors.basware.com/en.

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