Kongsberg Automotive successfully completes placement of new senior secured bonds
Kongsberg, June 11, 2024: Kongsberg Automotive ASA (KA), rated B1 by Moody’s and B- by S&P, has successfully completed the issuance of new senior secured four-year bonds with an initial issue amount of EUR 110 million in the Nordic Market. The bonds will carry an interest rate of three-month EURIBOR plus a margin of 5.25 %, and the issue date is expected to be June 24, 2024. An application will be made for the bonds to be listed on the Open Market of Frankfurt Stock Exchange and Oslo Stock Exchange. The net proceeds from the bond issue will be used, together with available cash, to fully