Ice Group ASA: Successful placement of new bond issue

19 February 2021 | Ice Group ASA’s subsidiary Ice Group Scandinavia Holdings AS (the “Company”) has successfully completed a new senior secured bond issue of NOK 1,400 million with maturity in March 2025.

Net proceeds from the offering will be used to redeem the Company’s existing NOK 1,400 million senior secured bond IGSH02 (ISIN NO0010807092).

The new senior secured bond will be issued at an interest rate of 3 months NIBOR, plus a margin of 4.0% per annum. This compares to an interest rate of 3 months NIBOR, plus a margin of 4.6% per annum for the Company’s existing bond.

Arctic Securities, DNB Markets, a part of DNB Bank ASA, and Pareto Securities acted as joint bookrunners for the new bond issue. An application will be made for the bonds to be listed on Oslo Børs.

For further information, please contact:

Investors: Henning Karlsrud, CFO of Ice Group, tel: +47 930 45 389

Media: Endre Aaberg Johansen, Corporate Communications AS, tel: +47 416 10 605, email: endre.johansen@corpcom.no

About Ice Group ASA

Ice Group is a telecommunications company with a nationwide network in Norway. The company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers. For more information, see www.icegroup.com.

Disclaimer

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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