AINMT Scandinavia Holdings AS signs and allocates NOK 1,400m senior term facilities

7 April 2017 – Further to the announcements regarding the underwritten secured bank facilities and the successful placement of the 5 year NOK 800 million senior unsecured bond issue on 8 and 9 March 2017 respectively, AINMT Scandinavia Holdings AS ("AINMT" or the "Company") is pleased to announce the successful signing and completion of both the NOK 1,400 million secured bank facilities and the 5 year NOK 800 million senior unsecured bond issue, to be applied, i.a., for the refinancing of AINMT.

AINMT Scandinavia Holdings AS is part of AINMT Group, focusing on 4G networks and mobile data on smartphones and routers. The Company operates in Norway through the brand ice.net and through Net1 in Sweden and Denmark. The AINMT Group’s operations in Indonesia and The Philippines are held in AINMT International and not included in the Scandinavian entity.

The Company is wholly owned by AINMT Holdings AB. AINMT Holdings AB is again owned by AINMT AS (39%) which is N-OTC listed.

The debt facility consists of a NOK 200 million 4-year term loan A, NOK 600 million 5-year term loan B and a NOK 600 million 5-year term loan C (growth) facility, paying N+425bps, N+475bps and N+450bps, respectively with a ratchet that leads to lower interest margin once certain milestones have been passed. The debt package also includes a 5-year NOK 800m unsecured bond paying N+525bps, which closes simultaneously with the debt facility.

The proceeds of the refinancing shall be used to (i) part-finance the full redemption of the existing SEK 1,500m bond and (ii) for general corporate purposes.

DNB acted as Sole Underwriter, Bookrunner and MLA for the senior term facilities. DNB and Pareto Securities were Joint Lead Managers on the bond transaction.

Both transactions were oversubscribed. The syndicated loan was placed with institutional investors.

DNB also acts as Security and Facility Agent for the Company.

ENDS

For questions to the Company or AINMT Group, please contact Johan Michelsen at AINMT at +47 4108 7000 or at johan.michelsen@ainmt.com

For questions related to the debt facilities, please contact Christian Dyvik, Director at DNB Markets at christian.dyvik@dnb.no