Reference is made to the press release dated 10 September 2018 by Zalaris ASA
("Zalaris"). Zalaris has successfully completed the issuance of EUR 35 million
senior secured bonds, with a EUR 70 million borrowing limit. The bond issue
received strong demand from high quality institutional investors. Settlement is
expected to be 28 September 2018, with final maturity 28 September 2023. The
bond has a floating coupon of 3m EURIBOR + 4.75% p.a. An application will be
made for the bonds to be listed on Oslo Børs. Net proceeds from the bond issue
will be used to redeem outstanding long term bank debt in full and certain other
minor debt items, as well as to finance the company's growth strategy.
"We are very pleased with the positive response received from bond investors. We
are happy that we have been able to place the bond at competitive interest
margin of 4.75% p.a., maturity of five years and with a framework amount of EUR
70m. This will provide Zalaris with the necessary flexibility to continue to
grow the business organically and the capital needed to pursue selective
acquisition opportunities. Going forward our primary objective will be to
continue to leverage the capabilities of our scalable platform to drive margin
improvements and growth", says Hans-Petter Mellerud, CEO of Zalaris ASA.
ABG Sundal Collier ASA acted as sole managers in connection with placement of
the new bond issue.