Bellman Group successfully issues subsequent bonds of SEK 250 million

Bellman Group AB (“Bellman Group” or the “Company”) has successfully issued SEK 250 million of subsequent bonds (“Subsequent Bonds” or the “Issue”) under the Company’s existing senior secured bond framework 2021/2026 with ISIN SE0015221999 (the “Bonds”). Following the Issue, the total amount outstanding under the Bonds is SEK 1,150 million.

The Issue received strong interest from Nordic institutional investors and was well oversubscribed. The Bonds carry a floating interest rate of 3m STIBOR + 500bps and the Subsequent Bonds were placed at a price of 97.00% of par. The net proceeds from the Subsequent Bonds will be used to refinance existing drawings under the super senior revolving credit facility.

Arctic Securities and Swedbank acted as Joint Bookrunners in the transaction. Gernandt & Danielsson acted as legal advisor.

This disclosure contains information that Bellman Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 20-09-2022 16:08 CET.

For additional information, please contact:

Magnus Persson, VD Bellman Group

Tel: +46 (0) 70 583 52 30

Mail: magnus.persson@bellmangroup.se

Roger Axelsson, CFO Bellman Group

Tel: +46 (0) 70 874 5041

Mail: roger.axelsson@bellmangroup.se

About Bellman Group

Bellman Group is a civil engineering group that operates in rock blasting, excavation, haulage, and mass handling in Sweden. In 2021, net sales for the Group were SEK 2.9 billion. Bellman Group, with registered offices in Solna, Sweden, has approximately 600 employees and approximately 1,300 subcontractors. The parent company’s corporate bonds are listed on Nasdaq Stockholm. Bellman Group is a group of strong growth with an explicit acquisition strategy. www.bellmangroup.se