The direct subsidiary of Jotul Holdings SA, Jøtul AS, has successfully issued senior secured floating rate bonds in the amount of NOK 475,000,000 within a framework of up to NOK 750,000,000 with ISIN NO0011104069. The bonds were issued at par, mature in October 2024 and bear a variable interest rate of 3 million NIBOR + 6.95%.

The proceeds of the bond issue will be used to finance the repayment of existing debt, including the existing bond loan of Jotul Holdings SA with ISIN number NO0010815749, as well as for general corporate purposes.

Pareto Securities AB acted as sole arranger and bookrunner in connection with the bond issue.

For more information, please visit the Jotul Holdings SA website at www.intl.jotul.com/investor-relations or contact:

Pareto Securities as Sole Bookrunner and Financial Advisor:
Markus Wirenhammar, Head of Investment Banking
Phone. : +46 708 72 51 86

Jotul Holdings SA:
Nils Agnar Brunborg, Chairman and CEO
Phone: +47 90 60 55 7869 35 90 00
Email: [email protected]

This is information that Jøtul Holding SA is required to make public in accordance with the EU Market Abuse Regulation. This information has been submitted for publication, through the contact person indicated above, at 6:00 p.m. CEST on September 24, 2021.

Jøtul is one of the oldest producers in the world of stoves, inserts and fireplaces. Drawing on a proud Norwegian heritage, Jøtul has combined craftsmanship with the art of coping with the cold for 160 years. Jøtul is headquartered in Fredrikstad, Norway, and has five leading Jøtul brands. Scan, Ild, Ravelli and Atra and proudly sells in 45 countries around the world.

  • Jotul Holdings SA – Press release – 24092021

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