ABG Sundal Collier acted as sole manager and bookrunner for NTC Infrastructure’s inaugural NOK 400m senior secured bond issue

On November 24th 2021, NTC Infrastructure AS announced that it had entered an SPA to acquire 100% of Skips Nordfisk AS, the owner of a gondola lift in Tromsø, “Fjellheisen” (the “Acquisition”). To part finance the acquisition and refinance existing bank debt related its existing gondola lift in Åndalsnes, “Romsdalsgondolen”, NTC Infrastructure has successfully raised a NOK 400 million senior secured bond issue under a framework of NOK 650 million which can be tapped to finance a planned refurbishment of Fjellheisen and permitted acquisitions.
Following a successful virtual roadshow, the transaction was substantially over-subscribed and was priced at 3-month Nibor plus 5.75% per annum.