Hexagon Composites seeks up to NOK 550 million via private placement of new shares

  • Hexagon Composites launched accelerated bookbuild for private placement of new ordinary shares to raise up to NOK 550 million in gross proceeds.
  • Proceeds earmarked to strengthen balance sheet, including partial repayment of term loan, settlement of cross-currency swap, general corporate purposes.
  • Key terms agreed to amend bank facilities, including extending debt maturity to Q2 2029; leverage-ratio covenant waiver through Q3 2027, then reinstated at 4x in Q4 2027, stepping down to 2.5x in Q3 2028.
  • Bookbuild opened today at 16:30 CEST; scheduled to close May 8 at 08:00 CEST; subscription price set by board based on demand.
  • Management, board members pre-committed NOK 4.9 million; post-transaction pro-forma Q1 2026 net interest-bearing debt seen at about NOK 740 million; available liquidity about NOK 600 million.


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