Nortal will redeem up to EUR 75m in senior secured floating rate bonds

Nortal AS hereby refers to its outstanding up to EUR 75,000,000 senior secured fixed rate bonds with ISIN FI4000383930 (the “Bonds“) and to the terms and conditions of the Bonds (the “Terms and Conditions“).

Reference is further made to a call notice dated 26 January 2024, in which Nortal AS informed the holders of the Bonds that it was exercising its option to redeem all outstanding Bonds in full pursuant to Clause 9.3 (Voluntary total redemption (call option)) of the Terms and Conditions (the “Call Notice“) on 16 February 2024 (the “Redemption Date“). Nortal AS’ obligation to redeem the Bonds on the Redemption Date was conditional upon Nortal AS fulfilling the conditions precedent for disbursement of the net proceeds from its bonds issued on 9 February 2024, which are, among other things, to be applied towards financing the redemption of the Bonds (the “Financing Condition“).

Nortal AS hereby confirms that the Financing Condition is fulfilled and undertakes to unconditionally redeem the outstanding Bonds on 16 February 2024 in accordance with the Call Notice.