Jotul AS Successfully Completes Recapitalisation Process

JØTUL AS SUCCESSFULLY COMPLETES RECAPITALISATION PROCESS Jøtul AS (the “ Company ”) is pleased to announce the successful completion of its recapitalisation process following an expedited restructuring process. As of 14 April 2025, the Company's bondholders have taken full ownership of the Company and the group has been significantly delevered following substantial debt conversion. The recapitalization also includes the extension of the group's revolving credit facility with Pareto Bank,...

Kråkerøy, 15/04/2025 (informazione.news - comunicati stampa - economia)

Jøtul AS (the “ ”) is pleased to announce the successful completion of its recapitalisation process following an expedited restructuring process.

As of 14 April 2025, the Company's bondholders have taken full ownership of the Company and the group has been significantly delevered following substantial debt conversion. The recapitalization also includes the extension of the group's revolving credit facility with Pareto Bank, and an increase of available commitments thereunder.

As a result, the group emerges from the recapitalization process with a robust balance sheet and liquidity base, positioning it for future growth and development.

The Company's creditors and new owners share in the Company's confidence in Jøtul's potential and are dedicated to driving the business forward. With a robust and healthy balance sheet, Jøtul is well-equipped to seize new opportunities and enhance its competitive position in the market.

For more information, please contact:

The Chairman of the Company, Bjarte Bøe (bjarte.boee@gmail.com) or the CFO of the Company, Adrian Postolache (adrian.postolache@jotul.no).

For any questions relating to the bond issue, please contact the AHG's legal counsel Advokatfirmaet BAHR AS, Magnus Tønseth (magto@bahr.no) and Stian Winther (stiwi@bahr.no).

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