Intention to redeem outstanding EUR 110m bonds

EQS-News: Fiven ASA / Key word(s): Bond
Intention to redeem outstanding EUR 110m bonds

21.06.2024 / 18:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

Oslo, 21st June 2024

Fiven ASA announces intention to redeem its outstanding EUR 110m bonds

As announced on 4 June 2024, OpenGate Capital, the ultimate shareholder of
Fiven ASA ("Fiven"), has entered into a binding agreement for the sale of
Fiven to Kymera International, LLC, a portfolio company of Palladium Equity
Partners, LLC (the "Acquisition"). The terms of the agreement were not
disclosed. In connection with the closing of the Acquisition, Fiven intends
to redeem its outstanding EUR 110,000,000 senior secured
sustainability-linked floating rate bonds with ISIN SE0021148764 (the
"Bonds")
in accordance with clause 9.3 (Special redemption upon a change of Control
Event) of the terms and conditions of the Bonds. The closing of the
Acquisition and the redemption date of the Bond is envisaged to occur in Q3
2024.

This announcement shall not be construed as an obligation for Fiven to
redeem the Bonds. If applicable, Fiven will, in accordance with clause 9.3
(Special redemption upon a change of Control Event) of the terms and
conditions of the Bonds, disclose the terms for the redemption of the Bonds
including, but not limited to, the redemption date, the applicable record
date for holders of the Bonds who are eligible to receive the redemption
amount and the applicable redemption amount (including the applicable
sustainability-linked redemption premium (if any)).

For further information, please contact:

Stein Erik Ommundsen, Group CFO and General Manager
+47 975 10 481, Stein.E.Ommundsen@Fiven.com

This information is information that Fiven ASA is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out above on
21 June 2024.

This information is provided by RNS, the news service of the London Stock
Exchange. RNS is approved by the Financial Conduct Authority to act as a
Primary Information Provider in the United Kingdom. Terms and conditions
relating to the use and distribution of this information may apply. For
further information, please contact rns@lseg.com or visit www.rns.com.


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21.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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1930943 21.06.2024 CET/CEST