DDM raises EUR 12 million of senior secured bonds and lower its cost of funding

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE REPUBLIC OF CYPRUS, HONG KONG, THE REPUBLIC OF ITALY, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE UNITED KINGDOM, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.

DDM Holding AG (First North: DDM) reaches agreement to refinance its subsidiary DDM Finance AB's EUR 10 million senior secured bonds maturing November 6, 2018 by way of issuing EUR 12 million senior secured bonds through DDM Finance AB. The bonds carry an interest rate of 7% per annum for the first six months and can be prolonged at 8% per annum for another six months.

“Lowering the cost of funding is an important factor when continuing our growth journey. We are very pleased with the investor interest in financing the Company”, says Henrik Wennerholm CEO at DDM Holding.

This 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 16:30 CET on 24 September 2018.

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

Henrik Wennerholm, CEO
Tel: +41 79 539 88 59

Fredrik Olsson, CFO
Tel: +41 79 331 30 17

Mail: investor@ddm-group.ch

DDM Holding AG (Nasdaq First North, Stockholm: 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, and has acquired 2.3 million receivables with a nominal value of over EUR 3.5 billion. DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. Erik Penser Bank is DDM Holding AG’s Certified Adviser.

Tags:

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.