Nordisk Bergteknik AB (publ) receives consent from Nordic Trustee & Agency AB (publ) regarding waiver request  

Press release 16 November, 2020

Nordisk Bergteknik AB (publ) (”Nordisk Bergteknik”) has requested that Nordic Trustee & Agency AB (publ) (”Nordic Trustee”) consents to Nordisk Bergteknik’s waiver request regarding the terms and conditions for Nordisk Bergteknik’s outstanding senior secured bonds of SEK 400,000,000 (ISIN: SE0012729234) with final maturity in June 2023 (”Terms and Conditions” and the ”Bond”).

Pursuant to the waiver request Nordisk Bergteknik had requested to conduct a conversion of certain existing shareholder loans in a total amount of SEK 122,031,008  to equity by issuing shares to the shareholders as payment for the shareholder loans (so-called set-off issue). Such procedure is considered to benefit both the long-term financial situation of Nordisk Bergteknik as well as the current liquidity and solidity and does not negatively affect the Bonds nor the possibility for Nordisk Bergteknik to repay these.

Nordic Trustee has consented to Nordisk Bergteknik’s waiver request in accordance with Clause 18.1 (a) in the Terms and Conditions.

Swedbank AB (publ) in its capacity as Original Super Senior Facilities Creditor (as defined in the Terms and Conditions) under the Finance Documents has also provided its consent to the Waiver Request.

Setterwalls has acted as legal counsel to Nordisk Bergteknik.

For more information, please contact:

Andreas Christoffersson, VD, email: andreas.christoffersson@bergteknik.se, Tel: 070-621 1928
Johan Lundqvist, CFO, email: johan.lundqvist@bergteknik.se, Tel: 076-392 7121

About Nordisk Bergteknik

Nordisk Bergteknik is a group of strong growth with operations in rock handling and grounding, where the main areas include drilling, blasting, rock reinforcement, piling, sheet piling and foundation reinforcement. Today, the Group’s subsidiaries are primarily active in Sweden and Norway.

This information is such information that Nordisk Bergteknik AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication on 16 November 2020 at 15:45 CET.

 

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