March 15, 2024 - Crayon Group Holding ASA ("Crayon") has mandated Danske Bank
and Pareto Securities as Joint Lead Managers to arrange a series of fixed income
investor meetings commencing 18 March 2024.
A new 4-year NOK 1,200 million senior unsecured floating rate bond issue may
follow, subject to inter alia market conditions. The net proceeds from the
contemplated bond issue will be used to refinance the outstanding NOK 1,800
million issued under the 2021/2025 senior unsecured bond framework due 15 July
2025 with ISIN NO0011045478 ("Existing Bonds").
In conjunction with the contemplated new bond issue, Crayon will offer a
conditional buyback of the Existing Bonds, contingent upon subscription in the
new bonds. Subject to completion of the contemplated new bond issue, Crayon will
call the remaining net outstanding amount of the Existing Bonds in whole.
In connection with the contemplated new bond issue, Crayon has received
commitment from Danske Bank for a NOK 500 million increase in the current
revolving credit facility ("RCF"). The increased RCF will be available for
general corporate purposes and will enhance the group's financial flexibility
and is subject to the successful placement of the new bond issue.
For further information, please contact:
Kjell Arne Hansen, Head of Investor Relations
IR@crayon.com
+47 950 40 372
About Crayon: Crayon is a customer-centric innovation and IT services company
with over 4,000 team members across 46 countries. We optimize businesses' IT
estate to help them innovate with expertise they can trust. Our services create
value for companies to thrive today, and scale for tomorrow. For more
information, visit www.crayon.com.