Placing of senior secured bonds in Eniro with a total nominal value of approximately SEK 989 million

This press release may not be announced, published or distributed, in whole or in part, directly or indirectly, in the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Singapore, South Africa or any other country where such publication or distribution would violate applicable laws or rules or would require additional documents to be prepared or registered or require any other actions to be taken, in addition to the requirements under Swedish law. This press release is not a prospectus. For further information, please refer to “Important information” in this press release.

Beata Intressenter AB (“Beata Intressenter”), a company wholly owned by the shareholder Tedde Jeanson has successfully placed senior secured bonds in Eniro AB (publ) (”Eniro” or the ”Company”) with a total nominal value of approximately SEK 989 million (the ”Bond Offering”). Each bond has a nominal value of SEK 1,000 and was offered at a price of approximately 33% of nominal value, corresponding to a total value of the Bond Offering of approximately SEK 325 million. The Bonds, which mature on 31 December 2021, pay no interest until 31 December 2020, and thereafter with a fixed yearly interest rate of 20% on the nominal value. The proceeds from the Bond Offering will primarily be used for payment of the consideration (approx. SEK 245 million) for Beata Intressenter’s acquisition of Eniro’s bank loans, extended liquidity for Eniro as well as transaction costs, including fees paid to the guarantee consortium.

The Bond Offering was directed towards the general public in Sweden and certain international investors, with priority for existing holders of class A ordinary shares in Eniro pro rata. Of the total offering, approximately 40% has been allocated to existing holders of class A ordinary shares pro rata, approximately 47% has been allocated to other persons who have applied for acquisition of bonds in the offering and approximately 12% has been allocated to guarantors who have not also applied for acquisition in the Bond Offering.

”Through the recapitalization completed during 2017 and the new financing solution which has been developed together with Tedde Jeansson and the guarantee consortium, Eniro is now in the position to fully focus on the Company’s business during coming years. We continue our work with fully implementing the new business model and to stabilize our customer base in order to lay the foundation for future growth”, Örjan Frid, president and managing director of Eniro, comments.

Allocation of acquired bonds have been made in accordance with what is stated in the prospectus regarding the Bond Offering. Persons whose holding is nominee registered will receive notice of allocation in accordance with routines of the respective nominees. Only those who have been allocated bond will receive notice.

The bonds offered in connection with the Bond Offering are expected to start trading on Nasdaq Stockholm on or about 27 September 2018.

Pareto Securities is Sole Manager and Gernandt & Danielsson Advokatbyrå is legal advisor to Eniro in relation to the Bond Offering. Roschier Advokatbyrå is legal advisor to Pareto Securities. 

For more information, please contact:

Joachim Berner, Chairman of the board of directors, tel +46 706 201 150, joachim.berner@gardaverken.se

Örjan Frid, President and managing director, tel +46 705 611 615, orjan.frid@eniro.com 

This information is such that Eniro AB (publ) is obligated to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 25 September 2018 at 07.30 CET.

Eniro is a leading search company for individuals and businesses in the Nordic region. Eniro Group has approximately 1,700 employees. The company is listed on Nasdaq Stockholm [ENRO], with approximately 14,000 shareholders at present and is headquartered in Kista, Stockholm. More on Eniro at enirogroup.com, twitter.com/eniro, facebook.com/eniro.

Detta pressmeddelande finns tillgängligt på svenska på www.enirogroup.com/sv/pressmeddelanden.

Important information 

This press release does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares, subscription rights or other securities in Eniro. The invitation to acquire bonds in Eniro will only be made through the prospectus that Eniro has published on its website, following the approval and registration thereof by the Swedish Financial Supervisory Authority and only to the persons to whom the prospectus is addressed. The prospectus contains, among other things, risk factors, financial statements as well as information regarding Eniro’s board of directors. This press release has not been approved by any regulatory authority and is not a prospectus. Accordingly, investors should not subscribe for or purchase any securities referred to in this press release except on the basis of information provided in the prospectus.

In certain jurisdictions, the publication or distribution of this press release may be subject to restrictions according to law and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and abide by such restrictions.

This press release is not directed to persons located in the United States (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Japan, Australia, Hong Kong, New Zealand, Singapore, South Africa or in any other country where the offer or sale of the subscription rights, paid subscribed shares or new shares is not permitted.

This press release may not be announced, published or distributed, directly or indirectly, in or into the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Singapore, South Africa or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law.

The information in this press release may not be forwarded, reproduced or disclosed in such a manner that would contravene such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions. Failure to comply with this instruction may result in a violation of the United States Securities Act of 1933, as amended (the “Securities Act”) or laws applicable in other jurisdictions.

No bonds, new shares or other securities have been or will be registered under the Securities Act, or with any other securities regulatory authority of any state or other jurisdiction of the United States and no bonds, new shares or other securities may be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, into or within the United States or on the account of such persons other than pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act, and in compliance with any applicable securities laws of any state or jurisdiction of the United States. No public offering of bonds, new shares or other securities is made in the United States. There is no intention to register any securities referred to herein in the United States or to make a public offering in the United States.

This press release contains forward-looking statements which reflect Eniro’s current view on future events and financial and operational development. Words such as “intend”, “will”, “expect”, “anticipate”, “may”, “plan”, “estimate” and other expressions than historical facts that imply indications or predictions of future development or trends, constitute forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements.

The information, opinions and forward-looking statements in this press release speak only as of its date and are subject to change without notice.