SATS ASA: New NOK 2,500 million revolving credit facility

SATS ASA ("the Company", OSE ticker: SATS) has signed a new NOK 2,500 million unsecured multicurrency revolving credit facility.

The credit facility will be used to refinance the Company's existing NOK 2,500 million unsecured revolving credit facility, which matures in September 2025, and for general corporate and working capital purposes. The credit facility matures in July 2027, with options for extension for up to two one-year terms.

The new rolling credit facility does not impose any restrictions on distribution of dividends and is otherwise made on substantially the same economic and other terms as the existing credit facility. The credit facility includes a maximum leverage covenant requiring the leverage ratio, Net Debt to EBITDA before IFRS 16, not to exceed 3.5x.

DNB Bank ASA and Swedbank AB (publ) acted as Bookrunners and Mandated Lead Arrangers on the transaction. Swedbank AB (publ) will act as agent.

For further information, please contact:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Jonas Sortland Fougner, Investor Relations, phone: +47 948 05 851

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