Borregaard ASA: Borregaard to participate in a convertible loan to Alginor

Group 1 - Borregaard, along with shareholders Must Invest and Hatteland Group, will guarantee a NOK 200 million convertible loan to Alginor, which can be converted into new shares at a subscription price of NOK 10 per share [1] - All shareholders of Alginor are invited to participate in the convertible loan, with Borregaard's share ranging from NOK 83 to 111 million, to be paid in two equal tranches in October 2025 and February 2026 [2] - The financing solution includes an additional uncommitted tap facility of NOK 100 million and a secured loan facility of NOK 230 million from Haugesund Sparebank [2][3] Group 2 - The combined financing is expected to be sufficient for completing and commissioning a commercial-scale demonstration plant for alginates [3]