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Norwegian has completed its first Euro-bond transaction

Press Release   •   Dec 02, 2015 07:41 GMT

Norwegian Air Shuttle ASA has successfully completed a new unsecured bond issue of EUR 125 million with a four year tenor. Earlier this year Norwegian has issued a similar size three year bond in NOK. The bond was issued with a coupon rate at 7.25 %, semi annual interest payments.
The net proceeds from the bonds shall be employed for general corporate purposes and to support the future growth of the group. In October Norwegian signed an order With Boeing to buy 19 787-9 Dreamliners, scheduled for delivery in 2017 to 2020.

We are very pleased to have completed our first bond issue in Euro, says CFO Frode Foss. With this transaction we have broaden our base of bondholders from the Scandinavian market to the international market. Norwegian continues to attract financing and utilizing different sources of funding of the group and future growth, Frode Foss says.

An application will be made for listing of the bonds on Oslo Stock Exchange.

Danske Bank Markets, DNB Markets and SEB acted as joint lead managers in connection with the placement of the new bond issue.

Fornebu, 2 December 2015 Norwegian Air Shuttle ASA

For further information please contact:

Vice President Investor Relations Tore Østby, tel. +47 4580 4898

Norwegian Air Shuttle ASA, commercially branded “Norwegian”, is a low-cost airline listed on the Oslo Stock Exchange. Norwegian is the world's seventh largest low-cost airline. The company reported its highest ever passenger figures in a single year with almost 24 million passengers in 2014. Norwegian has a route portfolio that stretches across Europe into North Africa and the Middle East, as well as long-haul flights to the US and Southeast Asia. The company has over 400 routes to more than 130 destinations and employs approximately 5,500 people. The company has several hundred undelivered aircraft on firm order. Norwegian was founded in 1993 and its headquarter is in Fornebu, Norway. Norwegian offers better leg room than most competitors, in-flight WiFi on short haul, a fleet of around 100 aircraft with an average age of only four years; one of the youngest fleets in the world. In 2013, 2014 and 2015, Norwegian was voted Europe’s best low-cost carrier of the year by the renowned SkyTrax World Airline Awards. Norwegian was also the first airline to be awarded the World's best low-cost long-haul airline in 2015 by SkyTrax. In 2014, Norwegian also won three prizes at the prestigious Passenger Choice Awards for Best Airline in Europe, Best Inflight Connectivity & Communications and Best Single Achievement in Passenger Experience for its moving map on the 787 Dreamliners. In addition, Norwegian was awarded Europe's best low-cost airline by AirlineRatings.com for the second year running.