Successfully completed a new senior unsecured green bond issue and notice of exercise of call option

13 October 2023 – NRC Group ASA has successfully completed a new 4-year senior unsecured green bond issue with an initial issue amount of NOK 400 million. The bond will carry an interest rate of 3m NIBOR plus a margin of 4.4%. The issue date of the new bonds is expected to be 25 October 2023. An application will be made for the bonds to be listed on Oslo Stock Exchange. 

Concurrently with the new bond issue, NRC Group ASA has repurchased approximately NOK 275 million in outstanding bonds under the NRC Group ASA FRN Senior Unsecured Open Callable Bond Issue 2019/2024” (NRC01/ISIN NO0010861768). 

NRC Group ASA has furthermore notified Nordic Trustee AS today of the exercise of its call option for the remaining outstanding bonds in the bond issue “NRC Group ASA FRN Senior Unsecured Open Callable Bond Issue 2019/2024” (NRC01/ISIN NO0010861768) with original maturity date 13 September 2024, and each Bondholder is hereby given notice thereof.

In accordance with the Bond Terms the entire bond issue will be repaid at 101.122% of the Nominal Amount (plus accrued and unpaid interest on the redeemed amount), with settlement date 27 October 2023 (being the date falling 10 Business Days after the date of the Call Option Notice).

For information relating to the exercise of the call option etc. reference is made to the attached notice from Nordic Trustee AS.

Danske Bank acted as Sole Global Coordinator and Green Structuring Advisor and Carnegie acted as Joint Lead Manager.

For further information, please contact:
Ole Anton Gulsvik, CFO of NRC Group
Mobile: +47 99 56 85 20