Successfully completed bond issue

29/05/2019

Reference is made to the announcement on May 20, 2019. Norske Skog AS has today successfully completed a EUR 125 million senior secured bond issue with maturity in June 2022.

The bonds will have a coupon of 3 month EURIBOR + 6% p.a. and will be applied for listing on the Oslo Stock Exchange. Settlement will be June 14, 2019.

- We have re-introduced Norske Skog to the capital markets through this bond issue. It is satisfactory that the issuance has met strong interest among investors. We will now be able to implement our long-term strategy with great force and speed by continuing to improve our core business, convert relevant parts of our paper machines and diversify within the bioenergy, fibre and biochemical markets, said Mr. Sven Ombudstvedt, Chairman of the board and CEO of Norske Skog.

ABG Sundal Collier ASA and DNB Bank ASA, DNB Markets acted as joint lead managers and bookrunners for the bond issue.

About Norske Skog
Norske Skog is a leading producer of publication paper with strong market positions in Europe, where it occupies a top-tier publication paper position, and Australasia, where Norske Skog is a leading producer of publication paper in a concentrated market.

Norske Skog operates a total of seven profitable paper mills strategically located close to attractive markets and with total paper production capacity of 2.7 million tons, comprising 1.8 million tons of newsprint and 0.9 million tons of magazine paper (supercalandered and coated mechanical).

29 May 2019

Norske Skog
Communications and Public Affairs

For further information:

Norske Skog media:
Vice President Corporate Communication and Public Affairs
Carsten Dybevig
carsten.dybevig@norskeskog.com
Mob: +47 917 63 117
Twitter: @Norske_Skog