DDM makes significant loan repayments in excess of EUR 8M, including the redemption of its 18% subordinated notes

DDM Holding AG (First North: DDM), a specialist investor in and manager of non-performing loans and distressed assets, announces that it has made significant loan repayments in excess of EUR 8M during the third quarter of 2016. 

The loan repayments include the full redemption of the SEK 31M 18% subordinated notes issued by DDM Treasury Sweden AB on their final maturity date of 30 September 2016. In addition, repayments of about EUR 3M were made on the EUR 11M bond issued in July 2016, following strong performance by the recently acquired Slovenian portfolio. Additionally, EUR 2M out of the EUR 4M of short-term borrowings granted in March 2016 were repaid during the quarter.

The loan repayments were financed using cash on hand. These repayments have enabled DDM to reduce its gross debt by more than 15% compared to reported gross debt as per end of Q2 2016 and the new bond of EUR 11M raised in July. It also means a reduction in its cost of debt.

Roschier acted as DDM’s legal advisors in conjunction with the redemption of the subordinated notes.

This information is information which DDM Holding AG 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 a.m. CET on 3 October 2016.

For more information, please visit DDM’s website at www.ddm-group.ch or contact:

Gustav Hultgren, CEO
Mail: investor@ddm-group.ch | Tel: 46 8 4080 9030

DDM Holding AG (Nasdaq First North Stockholm: DDM) is a key acquirer and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 2.1 billion. DDM Treasury Sweden AB (publ) (NGM: DDM1) is a subsidiary wholly owned by DDM Holding AG. Erik Penser Bank is DDM Holding AG’s Certified Adviser.


About Us

DDM Holding AG (First North: DDM) is a multinational investor in and manager of distressed assets, offering the prospect of attractive returns from the expanding Southern, Central and Eastern Europe market. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 3.5 billion. For sellers (banks and financial institutions), management of portfolios of distressed assets is a sensitive issue as it concerns the relationship with their customers. For these sellers, it is therefore critical that the acquirer handles the underlying individual debtors professionally, ethically and with respect. DDM has longstanding relations with sellers of distressed assets, based on trust and the Company’s status as a credible acquirer. The banking sector in Southern, Central and Eastern Europe is subject to increasingly stricter capital ratio requirements resulting in distressed assets being more expensive for banks to keep on their balance sheets. As a result, banks are increasingly looking to divest portfolios of distressed and other non-core assets. DDM Holding AG, the Parent Company, is a company incorporated and domiciled in Baar, Switzerland and listed on Nasdaq First North in Stockholm, Sweden, since August 2014.