NRC Group ASA – Successful placement of new bond issue

Reference is made to the press release dated 20 August 2019 by NRC Group.

NRC Group has successfully completed the issuance of NOK 600 million senior unsecured bonds. The bond issue was substantially oversubscribed. Settlement is expected to be 13 September 2019, with final maturity 13 September 2024. The bonds have a floating coupon rate of 3 months NIBOR + 4.00% p.a. An application will be made for the bonds to be listed on the Oslo Børs. The net proceeds from the bond issue will be used to refinance existing bank debt to further increase the financial flexibility. 

 Danske Bank acted as Sole Bookrunner for the issuance of new bonds.

For more information, please contact: Dag Fladby, CFO of NRC Group, Tlf: +47 90 89 19 35

About Us

About NRC GroupNRC Group is the largest rail infrastructure entrepreneur in the Nordic region. NRC Group has experienced significant growth since its inception in 2011 and has regional offices throughout Norway, Sweden and Finland. The company is headquartered at Lysaker, nearby Oslo, in Norway. NRC Group is listed on the Oslo Stock Exchange under ticker "NRC". The company's chief executive officer is Henning Olsen.

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