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 refinance the outstanding senior secured bonds due on July 15, 2025, issued by Kongsberg Actuation Systems BV, a wholly owned subsidiary of KA.

ABG Sundal Collier and Danske Bank acted as Joint Lead Managers and Bookrunners in connection with the bond issue.

Media and communications contact
Therese Sjöborg Skurdal - Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059

Investor Relations contact
Mads Langaard - Head of Investor Relations
mads.langaard@ka-group.com
+47 905 81 264

About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. We drive the global transition to sustainable mobility by putting engineering, sustainability, and innovation into practice. Our product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products. Find more information at: www.kongsbergautomotive.com