Reference is made to DOF Group ASA's ("DOF") Q4-25 results presentation on 19 February 2026 where an updated amortisation profile on the DOF Shipowning senior secured term loan facility (the "Term Loan") was introduced, subject to certain final approvals. DOF has today been informed that all necessary credit approvals are in place to amend the amortisation profile of the Term Loan. Further reference is made to the stock exchange notice published by DOF on 18 March 2025 for the original conditions of the Term Loan. Under the amendment, the scheduled amortisation profile of the Term Loan is reduced by 40% going forwards, resulting in a reduction in scheduled annual amortisation instalments on the Term Loan from USD 144 million to USD 86 million. The amendment includes certain conditions, including that the leverage ratio measured by NIBD/NTM EBITDA stays below 2.0x.
As of 31 December 2025, the outstanding balance on the Term Loan was USD 903 million.
Martin Lundberg, CFO DOF Group ASA, commented: "We appreciate the support shown from our lenders in getting this amendment in place. Reducing the annual amortisation profile increases flexibility and the cash flow available for shareholder returns while maintaining a solid balance sheet and sustainable leverage within our target range of 1.5 - 2.0x."