Update on financial covenants for bank debt as of Q2 2024

Reference is made to the stock announcement made by NRC Group ASA (the "Company") on 12 July 2024 referring to, inter alia, compliance with its financial covenants for both bank and bond debt as of Q2 2024. 
 
While the Company was in compliance with the financial covenants under its bond debt, it has come to the Company's attention that the Company was in non-compliance with the interest coverage ratio covenant ("ICR") under its bank debt facility agreement per the end of Q2 due to an agreed change in the interpretation of the ICR. The Company has already obtained a waiver from the bank for the said non-compliance.

For further information, please contact:

Åsgeir Nord, CFO of NRC Group, (+47) 957 34 985

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. 

This stock exchange announcement was published by Charlotte Krog, Communication, NRC Group ASA