Successful bond issue

Norlandia Care Group successfully issues a NOK 500 million five year bond.

On May 29th 2012, Norlandia Care Group AS (“Norlandia”) decided to issue a senior secured bond in the Nordic debt capital market. The demand to invest in the bond was very strong from both Norwegian and international investors and as a consequence, the oversubscribed issue closed earlier than anticipated.

The bond in brief

The senior secured bond has a volume of NOK 500 million with final maturity in 2018 and will be listed on the Oslo Stock Exchange within one year from the issue date, June 7th 2013.

The proceeds of the bond will be used for repayment of bank loans, growth capital and for general corporate purposes.

Comments by the CEO
Norlandia CEO Hilde Britt Mellbye comments "Norlandia is currently faced with a vast number of growth opportunities and with the proceeds from this issue, we are very well positioned for continued growth in existing and new markets. Furthermore, it is very encouraging for Norlandia to be able to turn to the bond market and to issue a NOK 500 million bond."

ABG Sundal Collier has acted as financial adviser to Norlandia in connection with the bond issue.

Norlandia is a leading provider of child care and care services in the Nordic region. The company was founded in 1997 and operates 84 separate units (preschools, nursery homes and patient hotels) in Norway, Sweden and Finland under contract as well as own management.

In 2012, revenues amounted to NOK 1,245m and the company had 2,475 employees at the end of 2012.

Please feel free to contact CEO Hilde Britt Mellbye, e-mail hilde.britt@norlandiacare.no should you have any queries.