Brief: Komplett: Contemplated Private Placement, New Long-Term Credit Facilities

Komplett ASA

15/11/2022 15:44

Nov 15 (Reuters) - Komplett ASA  KOMPLK.OL :
    * KOMPLETT ASA: CONTEMPLATED PRIVATE PLACEMENT AND NEW
LONG-TERM
CREDIT FACILITIES
    * HAS ENGAGED ABG SUNDAL COLLIER ASA ("ABGSC"), CARNEGIE AS
("CARNEGIE"), NORDEA BANK ABP, FILIAL I NORGE ("NORDEA") (PUBL)
AND SKANDINAVISKA ENSKILDA BANKEN AB ("SEB") AS JOINT
BOOKRUNNERS ( "JOINT BOOKRUNNERS"), TO ASSIST COMPANY IN A
CONTEMPLATED PRIVATE PLACEMENT
    * CONTEMPLATED PRIVATE PLACEMENT OF NEW SHARES IN COMPANY TO
RAISE
GROSS PROCEEDS OF NOK 1,000 MILLION.
    * EXPECTS TO ENTER INTO FULL-FORM LOAN AGREEMENTS FOR NEW
FACILITIES BY END OF NOVEMBER 2022
    * NEW FACILITIES PROVIDE KOMPLETT WITH A SET OF NEW
COVENANTS THAT
COMPANY BELIEVES PROVIDE SUFFICIENT HEADROOM GOING FORWARD
    * WILL USE NET PROCEEDS FROM PRIVATE PLACEMENT AND FUNDS TO
BE
MADE AVAILABLE UNDER NEW FACILITIES TO REPAY NOK 1,500 MILLION
BRIDGE LOAN
    * NEW FACILITIES WILL REPLACE COMPANY'S EXISTING OVERDRAFT
FACILITIES OF NOK 500 MILLION, AS WELL AS ITS TWO EXISTING
REVOLVING CREDIT FACILITIES OF NOK 500 MILLION AND SEK 650
MILLION
    * BOOKBUILDING AND APPLICATION PERIOD FOR PRIVATE PLACEMENT
COMMENCES TODAY, ON 15 NOVEMBER 2022 AT 16:30 HOURS CET, AND IS
EXPECTED TO CLOSE ON 16 NOVEMBER 2022 AT 08:00 HOURS CET
    * PRICE FOR OFFER SHARES IN PRIVATE PLACEMENT WILL BE
DETERMINED
BY BOARD OF DIRECTORS OF COMPANY FOLLOWING COMPLETION OF
BOOKBUILDING PROCESS

Source text for Eikon:  ID:nWkr44TN3c 
Further company coverage:  KOMPLK.OL 
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