Asset Buyout Partners Annual Report 2019

Note 12 Interest bearing debt and interest rate derivatives Figures in NOK 2019 2018 Total interest bearing debt, nominal value 4 517 184 099 4 323 773 986 Nominal value of interest rate derivatives at year end 2 623 095 837 2 193 395 835 Nominal value of swaps as share of total debt 1) 58 % 51 % Average interest rate, including margin (%) 3,86 % 3,61 % Average remaining duration, borrowings (years) 4,0 4,0 Average remaining duration, interest rate swaps (years) 3,3 5,4 Total interest bearing debt, nominal value 4 517 184 099 4 323 773 986 Capitalized transaction costs -55 123 551 -59 169 776 Total book value interest bearing debt 4 462 060 548 4 264 604 210 Interest bearing long-term debt 4 108 060 548 3 480 594 502 Interest bearing short-term debt 354 000 000 784 009 708 Total book value interest bearing debt 4 462 060 548 4 264 604 210 Maturity on interest bearing debt Maturity within 1 year 2) 354 000 000 784 009 708 Maturity within 2 years 154 000 000 140 000 000 Maturity within 3-5 years 4 009 184 099 3 399 764 278 Maturity above 5 years - - Total 4 517 184 099 4 323 773 986 1) After year end the Group entered into new swap contracts with nominal amounts of NOK 270 million and therefore increased the fixed interest rate ratio to 64%. 2) Short-term debt consists of bank debt with maturity within twelve months and revolving credit facility. Composition of interest bearing debt Figures in NOK 2019 2018 Bank loans 4 293 250 000 3 965 000 000 Revolving credit facility 200 000 000 180 000 000 Overdraft facility - - Seller credits 23 934 099 178 773 986 Total 4 517 184 099 4 323 773 986 Available undrawn facilities NOK at year end in current year 2019 2018 Capex facility 200 000 000 200 000 000 Revolving credit facility 20 000 000 120 000 000 Overdraft facility 80 000 000 - Total 300 000 000 320 000 000 Asset Buyout Partners | Annual Report 2019 35