Shareholder loan to AINMT Scandinavia Holdings AS
28 December 2016
Oslo, 28 December 2016 - Following the recent share issue in AINMT AS and AINMT Holdings AB (see AINMT AS announcements dated 21 November, 30 November and 5 December 2016), AINMT Holdings AB has granted a subordinated shareholder loan to AINMT Scandinavia Holdings AS.
The purpose is to fund further growth ambitions in Norway - both in terms of customer acquisition and network infrastructure build-out. The shareholder loan has a cap of NOK 400 million with an initial disbursement of NOK 200 million, and runs with 10 percent interest. The loan is subordinated to AINMT Scandinavia Holdings AS' high yield bond (ISIN: NO0010705601). This means, inter alia, that during the term of this bond loan the shareholder loan is non-amortising and no interest is payable (PIK).
AINMT AS owns approximately 35.5 percent of the shares in AINMT Holdings AB.