Reference is made to the stock exchange message distributed on 20 November 2019 informing about Endúr ASA (“ The Company”) giving mandate to Fearnley Securities to arrange fixed income investor meetings. The company now has an updated company presentation to be used in the investor meetings. The presentation is available for downloading here.
This updated investor presentation, states that the bond loan that may follow, now will be ring-fenced to the two segments Maritime and Aqua. The bond is planned as a NOK-denominated, 3-year, senior secured bond issue subject to market conditions.
AS a part of the bond loan process, BKS Industri AS which is indirectly 50% owned by Handeland Industri AS, the largest shareholder of the Group, has agreed to provide a Subordinated loan to the Group of NOK 6m at similar terms as the contemplated bond issue. The net cash proceeds of this loan will in turn be distributed to the Energy segment.
CFO Morten Riiser, phone +47 406 39 734
COO Nils Hoff, phone +47 930 92 346