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NENT Group issues SEK 600 million bonds

NENT Group issues SEK 600 million bonds




Nordic Entertainment Group AB (publ) (NENT Group) has issued SEK 600 million unsecured bonds with 4-year maturities to more than 20 Nordic investors.

This issue was made under NENT . group creation MTN . Program With a framework of SEK 4 billion and includes bond loans of SEK 600 million operating at a variable 3-month interest rate STIBOR + 1.30% with a maturity of February 24, 2026. The bonds are listed on Nasdaq. Proceeds from the issuance will be used to refinance existing loans and general business purposes.

DNB, Nordea and Swedbank were the financial advisors to the NENT Group for this issue. The total outstanding value of the NENT Group’s bonds under the MTN program is now SEK 2,900 million, with an increased share of long-term maturities. NENT Group’s net cash at the end of the period was SEK 2.059 million.

Åsa Regen Jansson, Acting Chief Financial Officer of NENT Group: “We are pleased with the outcome of this issuance and that we have attracted a number of quality institutional investors. This matter is part of our balanced financing strategy with the goal of maintaining a long-term maturity profile. We have net cash and a well-diversified loan portfolio. and secure to fund the NENT Group’s ongoing way forward effectively.”

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Information to the editorial office

Nordic Entertainment Group AB (publ) live streaming service is located in Sweden, Denmark, Norway, Finland, Iceland, Estonia, Latvia, Lithuania, Poland and the USA. Viaplay will be launched in the Netherlands and the UK in 2022, with launches in Canada, Germany, Austria and Switzerland until the end of 2023. We operate broadcast services, TV channels, radio stations and production companies where our goal is to tell stories, touch people and expand perspectives. With headquarters in Stockholm and a global perspective, the NENT Group is listed on Nasdaq Stockholm (“NENT B”).

call us:
[email protected] (or Nicholas Smith, Senior Director of Communications: +46 73699 1700)
[email protected] (or Matthew Hooper, CEO, Corporate Affairs: +44 7768440414)

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