Kongsberg Automotive to hold fixed income investor meetings and contemplates EUR bond issue
Kongsberg, June 3, 2024: Kongsberg Automotive ASA (KA), rated B1 by Moody’s and B- by S&P, has mandated ABG Sundal Collier and Danske Bank as Joint Lead Managers & Bookrunners to arrange a series of physical and virtual fixed income investor meetings commencing on Wednesday, June 5, 2024. A new senior secured four-year bond issue may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue will be used, together with available cash, to refinance the outstanding senior secured bonds due on July 15, 2025 (Existing Bonds). The Existing Bonds are