Klaveness Combination Carriers AS – Potential refinancing of the loan from Klaveness Ship Holding AS

 

Klaveness Combination Carriers AS – Potential refinancing of the loan from Klaveness Ship Holding AS

KCC: Oslo, 2 January 2019: As part of the preparations for a potential listing of Klaveness Combination Carriers AS (“KCC”) in Oslo, KCC together with its majority owner Klaveness Ship Holding AS (“KSH”), is requesting through a Written Resolution a debtor change in relation to the KSH bond issue of NOK 300 mill listed on Nordic ABM (ISIN: NO0010779549, Ticker: KSH03 PRO) (the “Bond Issue”) from KSH to KCC. The existing loan provided by KSH to KCC of USD 36 mill will as a consequence be repaid. The costs incurred by the debtor change will be shared equally by KCC and KSH.

The swap from the USD 36 mill loan provided by KSH to the NOK 300 mill Bond Issue will leave KCC in a comparable debt position.

Please find attached the notice for a request of a Written Resolution in KSH03 PRO (ISIN: NO0010779549).

KSH has obtained pre-acceptance for the proposal from a majority of the bondholders in KSH03 PRO.

For questions please contact:

Lasse Kristoffersen, Chairman of the Board, telephone +47 22 52 62 38

Liv Dyrnes, CFO, telephone +47 22 52 61 51

NO0010779549_SB_20190102
KCC KSH Investor presentation 02.01.2019

 
Torvald Klaveness