Norwegian Air Shuttle ASA - successful placement of new secured bond issue

Norwegian Air Shuttle ASA has successfully completed a new secured bond issue of NOK 225 million with maturity date in November 2017.

The settlement date for the loan is expected to be 21st November.

The net proceeds from the new bond issue will be used to finance incurred and expected cost for the construction of Norwegian Air Shuttle ASA’s new hangar, located at Gardermoen. Due to its continued presence in the capital market, the company has chosen a bond issue instead of a traditional secured bank loan. The bond issue is secured in the relevant hangar

The new bond loan was oversubscribed.

Arctic Securities AS acted as sole arranger in connection with the placement of the new bond issue.

An application will be made for the bonds to be listed on Oslo Stock Exchange as soon as possible.