Successful placement of new bond issue
25 September 2019 – Ice Group ASA’s subsidiary Ice Group Scandinavia Holdings AS (the “Company”) has successfully completed a new senior unsecured bond issue of NOK 900 million with maturity in October 2023.
Proceeds will be used to finance further growth, partially refinance the existing unsecured bond and for general corporate purposes.
Ice Group has grown its frequency portfolio, smartphone customer base and 5G-ready smartphone network considerably in recent quarters.
“Given the significant progress demonstrated in the past nine months, we felt now was a good time to raise additional funds. The proceeds provide us with added financial flexibility as we continue to build out the third nationwide smartphone network and challenge the incumbent operators in Norway,” says Eivind Helgaker, CEO of Ice Group.
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.
In connection with the new bond issue, the Company has repurchased approx. NOK 280 million of the outstanding senior unsecured bond with ticker IGSH01 and ISIN NO0010789035 at par.
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: firstname.lastname@example.org
About Ice Group ASA
Ice Group is a telecommunications company with nationwide networks in Norway and Denmark. In Norway, the company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers. Ice Group also offers mobile broadband, m2m and IoT services in Denmark through its own network. For more information, see www.icegroup.com.