NENT Group closes SEK 600m bond issue

Nordic Entertainment Group AB (publ) (NENT Group) has raised SEK 600m by issuing 4-year unsecured bonds to more than 20 Nordic investors.

The issue has been made within the framework of NENT Group’s established SEK 4bn medium term note (MTN) programme, and comprised SEK 600m of notes with a floating interest rate of STIBOR 3m +1,30% and maturing on 24 February 2026. The bonds are listed on Nasdaq and the proceeds will be used to refinance existing loans and for general corporate purposes.

DNB, Nordea and Swedbank have advised NENT Group on the issue. The total outstanding value of NENT Group’s bonds under the MTN programme is now SEK 2,900m, with an increased weighting towards long-term maturities. NENT Group had a net cash position of SEK 2,059m at the end of 2021.

Åsa Regen Jansson, NENT Group Acting CFO: “We are happy with the outcome of this bond issue and that we have attracted a wide range of high-profile investors. The issue is part of our well-balanced funding strategy that aims to maintain our long-term funding profile. We are in a net cash position and have a diverse and committed range of facilities to fund NENT Group efficiently moving forward.”

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NOTES TO EDITORS

Nordic Entertainment Group AB (publ) (NENT Group)’s Viaplay streaming service is available in Sweden, Denmark, Norway, Finland, Iceland, Estonia, Latvia, Lithuania, Poland and the US. Viaplay will launch in the Netherlands and the UK in 2022, followed by Canada, Germany, Austria and Switzerland by the end of 2023. We operate streaming services, TV channels, radio stations and production companies, and our purpose is to tell stories, touch lives and expand worlds. Headquartered in Stockholm with a global perspective, NENT Group is listed on Nasdaq Stockholm (‘NENT B’).

Contact us:
press@nentgroup.com (or Nicholas Smith, Senior Communications Manager: +46 73 699 1700)
investors@nentgroup.com (or Matthew Hooper, Chief Corporate Affairs Officer: +44 7768 440 414)

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