Nobina refinances existing bonds by issuing five year bond loan at improved terms

Nobina Europe AB (publ) has decided to issue a senior, secured corporate bond of SEK 550 million in the Swedish market, within a framework amount of SEK 660 million. The bond carries a fixed interest rate of 8.00 percent per year with final maturity in May 2019. The company intends to list the bonds on NASDAQ OMX Stockholm.

2014-04-30 8 am CET

The issue proceeds will be used to refinance the company’s existing SEK bonds (ISIN: SE0004725000) and EUR bonds (ISIN: SE0004725018), which carry a fixed interest rate of 11.00 percent per year. Through the refinancing, the company’s annual interest payments are reduced by SEK 16.5 million, which improves both results and cash-flow. The transaction was well received by the capital markets and investors in all Nordic countries, and internationally, have shown a strong demand, resulting in the bond being significantly oversubscribed. A separate notice will be sent to concerned bondholders with information regarding early redemption of the existing bonds. – The bond issue allows us to extend our maturity profile at substantially improved terms, and at the same time diversify our investor base. Through the refinancing, we strengthen our capital structure which creates a strong platform for future growth and stability, says Per Skärgård, CFO of the Nobina group. Pareto Securities AB and Skandinaviska Enskilda Banken AB (publ) have been the financial advisers to the company in the bond issue and Gernandt & Danielsson has been the legal adviser.

Ingrid Håkanson, Group Treasurer and IR-manager, tel: +46 8 410 650 51, e-mail: ingrid.hakanson@nobina.com
Per Skärgård, CFO, tel: +46 8 410 650 56, e-mail: per.skargard@nobina.com

The Nobina group is the largest bus passenger transport company in the Nordic region. The operations include contractual regional traffic in Sweden, Denmark, Norway and Finland as well as independently operated interregional traffic through Swebus. The Nobina group has annual sales above SEK 7 billion, operates 3,500 buses and, with more than 260 million passenger journeys per year, is one of the major passenger transport companies in northern Europe. For more information, please see www.nobina.com.

Nobina is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for public disclosure on April 30, 2014, at 8 am CET.

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