DDM Debt to receive an equity injection of about EUR 10 million
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DDM Debt AB (Nasdaq Stockholm: DDM2) announces that its parent company DDM Finance AB has successfully raised EUR 10 million in a bridge financing transaction. DDM Finance AB will use the net proceeds from the bridge financing to provide a shareholder loan to DDM Debt AB, which thereby qualifies as equity under the current EUR 85 million bond terms. This provides the opportunity for DDM Debt AB to issue further debt to support continued strong growth.
Carnegie Investment Bank acted as financial advisor and Roschier acted as legal advisor in conjunction with the transaction.
This is information which DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CET on 2 November 2017.
For more information, please contact:
Mats Hedberg, Investor Relations Manager
Mail: firstname.lastname@example.org | Tel: +46 70 730 81 27
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (First North: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 3.5 billion.