Atea ASA raises long-term debt financing after reviewing its financing strategy

On the basis of Atea's strong cash flow performance
and deleveraged balance sheet, the company has
conducted a thorough review of its financing strategy
in order to create maximum value for its shareholders
while maintaining a robust capital structure. Atea is
today financed through short-term bank facilities
only. In order to decrease the dependency on such
short-term financing and diversify the sources of
financing, Atea has concluded to raise long-term bank
debt and bonds in addition to its existing facilities.

The company has received commitment for a NOK 500
million, 5 year non-amortizing bank loan from Nordea.
The bank loan will have a covenant limiting the
gearing ratio (net interest bearing debt/EBITDA) at
quarter-end to 2.5x.

In addition, Atea is contemplating issuing minimum
NOK 300 million of senior unsecured bonds with 5 year
maturity in the Norwegian bond market. Nordea Markets
and SEB are acting as Joint Lead Managers for the
bonds issuance.


For further information, please contact:
Rune Falstad, CFO Atea ASA, mobile +47 906 14 482


About Atea
Atea is the leading Nordic and Baltic supplier of IT
infrastructure with approximately 6,500 employees.
Atea is present in 82 cities in Norway, Sweden,
Denmark, Finland, Lithuania, Latvia and Estonia. Atea
delivers IT products from leading vendors and assists
its customers with specialist competencies within IT
infrastructure services. Atea had revenue of
approximately NOK 21 billion in 2012 and is listed on
Oslo Stock Exchange. [http://www.atea.com]