B2 Impact (B2I)

Buffet · april 5, 2019, 7:38am

Anderix · april 5, 2019, 7:48am

EBITA 2018 er 1,434 mrd. Hele selskapet er i dag verdsatt til 5,173mrd.
Do the math!

Snoopzter · april 5, 2019, 11:59am

Bare shorterne begynner å svette litt så skal du se at B2H setter fart!

Og ja @Anderix - selskapet er grovt feilpriset!

TekBot · april 17, 2019, 6:00am

17/04-2019 08:00:00: (B2H) B2Holding acquires a portfolio of non-performing secured and unsecured loans in Italy

B2Holding has through its Italian entity B2 Kapital entered into an agreement to
acquire a portfolio of secured and unsecured non-performing loans (“NPLs”) from
CentroMarca Banca Credito Cooperativo of Treviso and Venice. The portfolio has a
…

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nominal value of approximately EUR 46 million.

B2Holding has been operating permanently in Italy since 2017 through the B2
Kapital entity, whose total NPL portfolio has reached around EUR 1 billion of
gross book value. With this transaction, B2 Kapital further strengthens its
presence in the NPL market in Italy.

Even though this transaction would normally be below the threshold for
announcement, B2Holding discloses this transaction in order to be fully
transparent with the vendor’s announcement in Italy.

For enquiries please contact:
Rasmus Hansson
Director M&A and Investor Relations,
B2Holding ASA
Telephone: +47 952 55 842
Email: rh@b2holding.no

http://www.netfonds.no/quotes/release.php?id=20190417.OBI.20190417S8

TekBot · april 29, 2019, 9:12am

29/04-2019 11:12:06: (B2H) MOODY’S AFFIRMS B2HOLDING’S CORPORATE FAMILIY RATING (CFR) AT “Ba3”

Moody’s Investor Service (Moody’s) has today affirmed B2Holding ASA’s Corporate
Family Rating (CFR) at “Ba3”, and as disclosed at 13 December 2018, downgraded
the Company’s local and foreign currency issuer ratings to B1 from Ba3. The
…

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issuer outlook has been changed from “review for downgrade” to “stable”. None of
B2Holding ASA’s bond issues are rated.

The issuer rating is notched down mainly due to the relatively large size of
B2Holding’s EUR 510 million senior secured revolving credit facility (“RCF”)
compared to the size of senior unsecured bonds in total amount of EUR 725
million. The issuer rating could change depending on the amount drawn under its
RCF, change in recovery rate, change in the RCF facility line amount or change
in the outstanding bond amount.

The rating action concludes Moody’s review opened on the issuer ratings on 10
December 2018, following the application of Moody’s Loss Given Default analysis
for Speculative-Grade-Companies (LGD model). B2Holding’s issuer rating reflects
the application of Moody’s LGD model for companies and their priorities of
claims and asset coverage in the company’s capital stack.

B2Holding discloses this information in order to be fully transparent with
Moody’s announcement.

Please find below the link to the official press release from Moody’s:
https://www.moodys.com/research/Moodys-affirms-B2Holdings-Ba3-corporate-family-r
ating-and-downgrades-issuer–PR_399630

For further information, please contact:
Erik J. Johnsen
CFO, B2Holding ASA
Telephone: +47 415 77 055
E-mail: ejj@b2holding.no

http://www.netfonds.no/quotes/release.php?id=20190429.OBI.20190429S42

TekBot · april 29, 2019, 1:46pm

29/04-2019 15:45:52: (B2H) B2Holding Annual Report 2018

TekBot · mai 2, 2019, 11:00am

02/05-2019 12:59:39: (B2H) B2Holding obtains Croatian regulatory approval to acquire the HETA Asset Resolution portfolio in the co-investment structure with DDM Group.

Reference is made to the stock exchange release by B2Holding ASA at 08:00 on 16
January 2019 disclosing that B2Holding has agreed to acquire a non-performing
secured corporate loan portfolio from Heta Asset Resolution in Croatia in a
…

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50/50 co-investment structure with DDM. B2Holding has obtained the Croatian
regulatory approval and the first closing step of the transaction was completed
on 30 April 2019 accordingly. The second and final closing step will be
completed within 2Q’2019.

The portfolio has a face value of approximately EUR 800 million.

“The co-investment structure positions B2Holding for further growth and
development in the Central European region, while simultaneously broadening the
asset base and increasing revenues from third party collection business”, says
Olav Dalen Zahl, CEO of B2Holding ASA.

For enquiries regarding the transaction, please contact:

Olav Dalen Zahl
CEO, B2Holding ASA
Telephone: +47 909 86 386
Email: odz@b2holding.no

http://www.netfonds.no/quotes/release.php?id=20190502.OBI.20190502S71

Sjokk · mai 2, 2019, 8:39pm

Hvordan får du det til?

TekBot · mai 3, 2019, 11:30am

03/05-2019 13:30:08: (B2H) Notice for Annual General Meeting

Shareholders in B2Holding ASA are hereby invited to attend the Annual General
Meeting to be held at 08:00 am on Friday, 24 May 2019 in Hotel Bristol, Kristian
IV’s gate 7, Oslo, Norway. The Notice of Annual General Meeting is attached.
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The Notice is posted electronically or by mail to all shareholders.
To order a printed version of the appendices to the Notice, please contact the
Company.

The Company will present its Q1 2019 results at 08:30 following the Annual
General Meeting.

For further information, please contact:
Olav Dalen Zahl,
Chief Executive Officer,
Telephone:+47 909 86 386.

This information is subject to the disclosure requirements according to Section
5-12 of the Norwegian Securities Trading Act.

Visit our website www.b2holding.no

http://www.netfonds.no/quotes/release.php?id=20190503.OBI.20190503S59

Kaisovski · mai 5, 2019, 4:30pm

TekBot · mai 6, 2019, 9:18am

06/05-2019 11:17:18: (B2H) B2Holding ASA - Bond Amendment, Investor Meetings and Trading Update

Investor Meetings and Bond Amendment

B2Holding ASA (“B2Holding” or the “Company”) has mandated DNB Markets and Nordea
…

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as Global Coordinators and Joint Bookrunners and Swedbank and Arctic Securities
as Joint Bookrunners to arrange a series of fixed income investor meetings
commencing on Monday 6 May 2019. A minimum EUR 200 million senior unsecured
publicly rated bond issue (“B2H05”) with expected rating of BB- / B1 and five
year tenor may follow, subject to inter alia market conditions. B2Holding has a
corporate family rating of Ba3 (Stable) by Moody’s and an issuer credit rating
of BB- (Stable) by S&P.

With reference to the Summons to Bondholders Meeting announced Monday 6 May
2019, B2Holding, has mandated DNB Markets and Nordea as financial advisers in
connection with the proposed amendments in the Company’s outstanding senior
unsecured bonds B2H01 (ISIN NO0010753072) and B2H02 (ISIN NO0010775166).
Implementation of the proposals will be conditional upon successful placement of
a new bond issue. The new bond issue will in turn be subject to the approval of
the proposed amendments by the bondholders in both B2H01 and B2H02, provided,
however, that the Company may in its sole discretion waive such condition in
respect of B2H01 and/or B2H02.

B2Holding will offer a buy-back of B2H01 and B2H02 bonds conditional upon
subscription into B2H05 in connection with the potential transaction.

Trading Update

In connection with the upcoming investor meetings, and possible bond issue, the
Company is hereby releasing a trading update based on preliminary financial
information for the first quarter of 2019 (comparable figures for Q1 2018 in
brackets).

Gross cash collection of NOK 1,248 million (NOK 775 million)

up 61% y-o-y

Portfolio purchases of NOK 570 million (NOK 1,485 million)

down 62% y-o-y

Total gross ERC at end of quarter of NOK 21,434 million (NOK 18,153 million)

up 18% y-o-y

Leverage Ratio at end of quarter at 3.0x (3.4x)

B2Holding experienced record-strong cash collection and operational costs were
in line with expectations in Q1 2019. The Company acquired portfolios for NOK
570 million during the quarter with an overweight in Northern Europe (70%) and
Poland (16%). Over the last 12 months, B2Holding has acquired portfolios for
approx. NOK 5.5 billion (up 4% y-o-y) and grown the total gross ERC to approx.
NOK 21.4 billion (up 18% y-o-y). The leverage ratio has decreased from 3.5x to
3.0x during Q1-2019 and we expect it to drop below 3.0x in Q2-2019 and stabilise
there in the foreseen future. The Company continues to see strong momentum in
its main markets and a good current pipeline.

B2Holding has agreed with the syndicated banks an extended maturity of its
revolving credit facility to 31 May 2022, but with a springing maturity on 31
March 2021 if the aggregate principal amount remaining outstanding under B2H01
and B2H02 by that date is not less or equal to EUR 175 million. The amendments
to the revolving credit facility will be completed upon fulfilment of certain
conditions precedent.

B2Holding has NOK 1.4 billion available for investments at the end of first
quarter. The additional proceeds from a new bond issue will increase the
investment capacity accordingly.

For further information, please contact:
Erik J. Johnsen
CFO, B2Holding ASA
Telephone: +47 415 77 055
E-mail: ejj@b2holding.no

http://www.netfonds.no/quotes/release.php?id=20190506.OBI.20190506S43

Anderix · mai 6, 2019, 9:19am

Synes dagens prising ser attraktiv ut og valgte selv å handle litt mer på 12,55.

TekBot · mai 16, 2019, 2:35pm

16/05-2019 16:35:38: (B2H) Successfully Completed New Bond Issue

B2Holding ASA has successfully issued an EUR 200 million senior unsecured bond
issue with maturity in 2024. The bond will have a coupon of 3 months EURIBOR +
6.35%, and will be listed on the Oslo Stock Exchange.
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Settlement date is expected to be 28 May 2019.

Completion of the bond issue is however subject to the approval of the proposed
amendments by the bondholders in both B2H01 (ISIN NO0010753072) and B2H02 (ISIN
NO0010775166) with reference to the Summons to Bondholder Meeting announced
Monday 6 May 2019. The Bondholder Meeting will take place 21 May 2019.

The proceeds will be used to partially repay B2Holding’s revolving credit
facility and general corporate purposes.

DNB Markets and Nordea acted as Global Coordinators and Joint Bookrunners and
Swedbank and Artic Securities acted as Joint Bookrunners for the bond issue.

For further information, please contact:

Erik J. Johnsen
CFO,B2Holding ASA
+47 415 77 055

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

http://www.netfonds.no/quotes/release.php?id=20190516.OBI.20190516S120

Kaisovski · mai 16, 2019, 9:29pm

Noen som har noe vettugt å si om rentenivået her? Syntes ved første øyekast det var skuffende høyt, men har jo ingen inngående kjennskap til hva som var å forvente…

TekBot · mai 20, 2019, 11:10pm

21/05-2019 00:55:25: (B2H) First quarter 2019 presentation B2Holding ASA

TekBot · mai 21, 2019, 9:14am

21/05-2019 11:13:59: (B2H) Notice from bondholders’ meetings

Reference is made to the summons for bondholders’ meetings dated 6 May 2019
regarding certain amendments in B2Holding ASA’s (“B2Holding” or the “Company”)
outstanding senior unsecured bonds B2H01 (ISIN NO0010753072) and B2H02 (ISIN
…

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NO0010775166). The bondholders’ meetings were held today and there were
sufficient bondholders present in each of the bondholders’ meetings to form a
quorum. The proposed resolutions were approved with 100% of the votes cast at
the bondholders’ meeting for B2H01 and 100% of the votes cast at the
bondholders’ meeting for B2H02.

For further information, please contact:

Erik J. Johnsen
CFO, B2Holding ASA
Telephone: +47 415 77 055
E-mail: ejj@b2holding.no

http://www.netfonds.no/quotes/release.php?id=20190521.OBI.20190521S60

TekBot · mai 22, 2019, 3:22pm

22/05-2019 17:21:57: (B2H) Disclosure of voting rights for the Chairman of the Board, Mr. Jon Harald Nordbrekken

At close of business on 22 May 2019, the Chairman of the Board of Directors of
B2Holding ASA, Mr. Jon Harald Nordbrekken, has received power of attorneys to
represent and vote for 64,298,924 shares or 15,69% of the voting shares at
…

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B2Holding’s Annual General Meeting to be held on 24 May 2019.

In addition, Mr. Nordbrekken and associates hold or control 27,200,000 shares or
6,64% of the voting shares.

Hence, following the receipt of the powers of attorney, Mr. Nordbrekken controls
22,32% of the voting shares.

The power of attorneys are without voting instructions. The power of attorneys
are only valid at the Annual General Meeting on 24 May 2019.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

http://www.netfonds.no/quotes/release.php?id=20190522.OBI.20190522S112

TekBot · mai 24, 2019, 5:00am

24/05-2019 07:00:00: (B2H) STRONG GROWTH IN Q1 WITH ALL TIME HIGH GROSS COLLECTION - 66% GROWTH IN CASH EBITDA Y-O-Y, ERC OF NOK 21.4BN, STRONG PIPELINE OF NPL PORTFOLIOS AND SOLID GROWTH CAPACITY

First quarter 2019

Gross cash collection of NOK 1,248 million (775)

up 61% y-o-y
…

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Operating profit of NOK 305 million (326)

up 7% y-o-y

Cash EBITDA of NOK 964 million (581)

up 66% y-o-y

ERC at end of month NOK 21,434 million (18,116)

up 18% y-o-y

(Comparable numbers for Q1 2018 in brackets)

B2Holding (“B2H”) continued the positive operational growth in first quarter
2019 with record high levels in gross cash collection and Cash EBITDA, through
well-diversified growth through all regions.

The Group posted an all-time high quarterly cash EBITDA of NOK 964 million, an
increase of NOK 383 million compared to Q1 2018 (+66%). Total operating revenue
increased to NOK 795 million from NOK 646 million in Q1 2018 (+34%) and the
operating profit landed at NOK 350 million (+7%).

B2H invested NOK 570 million in new portfolios in first quarter. The portfolios
were mainly purchased in Northern Europe (71%), and 98% of the purchases in the
quarter were unsecured portfolios. The Group has acquired portfolios for NOK 5.5
billion over the last 12 months (+4%) and grown the total gross ERC to approx.
NOK 21.4 billion (+18%). B2H continues to improve operations and cost to collect
was down with 3 percentage points from 25% to 22%, with potential for further
reduction going forward.

In January, the Group entered a new joint venture structure with DDM Group for
the acquisition of a non-performing loan portfolio in Croatia. The transaction
is expected to be completed during the second quarter of 2019.

To further support the growth strategy, the Group issued in May 2019 a EUR 200
million senior unsecured bond loan rated bond with maturity in 2024 (the new
Bond).

At the end of the first quarter the Group has NOK 3.1 billion available for
investments adjusted for deferred payment for portfolio purchases of NOK 130
million, proceeds from the new Bond and in addition to a strong operating cash
flow from collections of purchased loan portfolios.

Based on the current financing of the Group and estimated cash flow in 2019, the
Group has a significant investment capacity and is thus well positioned to take
advantage of the current market with strong pipeline and attractive returns.

For further information, please see the Q1 2019 presentation and report
attached.
The documents are also available on the Company’s website:
http://www.b2holding.no

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

http://www.netfonds.no/quotes/release.php?id=20190524.OBI.20190524S2

TekBot · mai 24, 2019, 5:20am

24/05-2019 07:19:34: (B2H) CORRECTION - STRONG GROWTH IN Q1 WITH ALL TIME HIGH GROSS COLLECTION - 66% GROWTH IN CASH EBITDA Y-O-Y, ERC OF NOK 21.4BN, STRONG PIPELINE OF NPL PORTFOLIOS AND SOLID GROWTH CAPACITY

First quarter 2019

Gross cash collection of NOK 1,248 million (775)

up 61% y-o-y
…

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Operating profit of NOK 350 million (326)

up 7% y-o-y

Cash EBITDA of NOK 964 million (581)

up 66% y-o-y

ERC at end of month NOK 21,434 million (18,116)

up 18% y-o-y

(Comparable numbers for Q1 2018 in brackets)

B2Holding (“B2H”) continued the positive operational growth in first quarter
2019 with record high levels in gross cash collection and Cash EBITDA, through
well-diversified growth through all regions.

The Group posted an all-time high quarterly cash EBITDA of NOK 964 million, an
increase of NOK 383 million compared to Q1 2018 (+66%). Total operating revenue
increased to NOK 795 million from NOK 646 million in Q1 2018 (+34%) and the
operating profit landed at NOK 350 million (+7%).

B2H invested NOK 570 million in new portfolios in first quarter. The portfolios
were mainly purchased in Northern Europe (71%), and 98% of the purchases in the
quarter were unsecured portfolios. The Group has acquired portfolios for NOK 5.5
billion over the last 12 months (+4%) and grown the total gross ERC to approx.
NOK 21.4 billion (+18%). B2H continues to improve operations and cost to collect
was down with 3 percentage points from 25% to 22%, with potential for further
reduction going forward.

In January, the Group entered a new joint venture structure with DDM Group for
the acquisition of a non-performing loan portfolio in Croatia. The transaction
is expected to be completed during the second quarter of 2019.

To further support the growth strategy, the Group issued in May 2019 a EUR 200
million senior unsecured bond loan with maturity in 2024 (the new Bond). At the
end of the first quarter the Group has NOK 3.1 billion available for investments
adjusted for deferred payment for portfolio purchases of NOK 130 million,
proceeds from the new Bond and in addition to a strong operating cash flow from
collections of purchased loan portfolios.

Based on the current financing of the Group and estimated cash flow in 2019, the
Group has a significant investment capacity and is thus well positioned to take
advantage of the current market with strong pipeline and attractive returns.

For further information, please see the Q1 2019 presentation and report
attached.
The documents are also available on the Company’s website:
http://www.b2holding.no

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

http://www.netfonds.no/quotes/release.php?id=20190524.OBI.20190524S7

Snoopzter · mai 24, 2019, 7:15am

råbra dette eller?