PRESS RELEASE                                                                                           20^th November 2023

Fiven ASA announces investor meetings to evaluate an up to EUR 110m senior secured sustainability-linked floating rate bond issue and provides a financial update

Fiven ASA (the "Company") has mandated Pareto Securities AB to arrange a series of investor meetings commencing on 21 November 2023. Subject to, inter alia, market conditions, a 3-year senior secured sustainability-linked floating rate bond issue in an initial amount of up to EUR 110 million (the "Bond Issue") within a framework of up to EUR 170,000,000 may follow.

The proceeds from the contemplated Bond Issue will be used to inter alia finance the repayment of the Company's existing outstanding EUR 70,000,000 senior secured sustainability-linked bonds with ISIN SE0016075196, including accrued but unpaid interest and applicable redemption premium.

In conjunction with the contemplated Bond Issue, the Company also provides financial updates. The management of the Company expects that the adjusted EBITDA for the year 2023 will amount to approximately EUR 45,000,000 and that the EBITDA development for the year 2024 is expected to be flat.

For further information, please contact:

Stein Erik Ommundsen, Group CFO and General Manager
Telephone:
Email: 

This information is information that Fiven ASA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8:00 CET on 20^th November 2023.

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