Borgestad ,13 December 2023 :Borgestad ASA's (the "Company") subsidiary Agora Bytom Sp. z o.o. has today entered into an amendment agreement for an extension of, and certain other amendments to, the terms of Agora Bytom Sp. z o.o.'s existing loan facility inPekao S.A. Bank (the "Agora Bytom Facility"). Pursuant to the amendment agreement, the maturity date of the Agora Bytom Facility shall be extended from30 June 2024 until31 December 2028 , subject to a partial repayment of the outstanding amount under the Agora Bytom Facility ofEUR 10 million . Following such repayment, the new principal amount under the Agora Bytom Facility will beEUR 29.9 million . The loan shall pursuant to the amendment agreement have an interest of EURIBOR 1 month plus a margin of 2.8%, and no repayment of the principal amount will be required in a period of 27 months from the entry into force of the amendment agreement. The ISCR ratio (interest service coverage ratio) shall be minimum 1.9 in respect of the reporting periods during which no repayment is required. The LTV ratio (loan to value ratio) shall be maximum 60% (but cannot exceed 55% at the date of entry into of the amendment agreement). All other terms and conditions under the Agora Bytom Facility will remain unchanged. The amendment agreement will enter info force on or about20 December 2023 , subject to completion of the above-mentioned partial repayment ofEUR 10 million . For further information, please contact:Pål Feen Larsen , CEOBorgestad ASA , +47 488 45 333 This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published byAstrid Fjeld , Head of administration inBorgestad ASA on13 December 2023 at12:25 CET on behalf of the Company. -- AboutBorgestad | www.borgestad.noBorgestad ASA (OSE:BOR) is an investment company focused on real estate and industry. The key investments include Agora Bytom shopping center and the leading refractory manufacturer HöganäsBorgestad . About HöganäsBorgestad | https://hoganasborgestad.com/ HöganäsBorgestad develops, manufactures and delivers refractory products, installations and turnkey solutions that enhance the productivity and competitiveness of industrial customers. The aim is to contribute to the customers' profitability by providing high-value refractory solutions to their challenges. Today, the company is a leading supplier in the refractory market of the Nordic countries and has a global presence in a number of selected application areas.
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