European Directories BondCo S.C.A. announces approval of written procedure and amendments to the terms and conditions of its Bonds

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

European Directories BondCo S.C.A., incorporated under the laws of the Grand Duchy of Luxembourg and registered with the Luxembourg trade and companies register under the number B 181401 (the ”Company”) announces the successful completion of the written procedure in relation to the EUR160,000,000 senior secured floating rate notes (ISIN SE0005505831) (the "Bonds"), regarding certain amendments to the terms and conditions of the Bonds (the “Proposal”). The principal terms of the amended terms and conditions include an extension of the Bonds of 2.5 years to 9 June 2021 and an increase of the interest margin of 150 bps to 8.5%. The amendments became effective immediately as of 9 March 2018.

A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour to approve the Proposal.

As a condition for the amendments, the Company will arrange for a consent fee of 1.0% of the face value of the respective bondholders’ holdings of the Bonds, which will be paid to the bondholders within six (6) business days from 9 March 2018.

The amended terms and conditions of the Bonds are available on the Company’s website (www.europeandirectories.com/investors).


_____________________________________________________________________________________

For further information, please contact:

Group CFO

Neil Robson
Tel
+31 20 408 6400

E-mail: ir@europeandirectories.com

European Directories Group is an online partner for SMEs offering local search and lead generation with a scalable business model. The European Directories Group operates through three main brands: Fonecta in Finland, Herold in Austria and DTG in the Netherlands. More information about the European Directories Group can be found at www.europeandirectories.com.

The information was submitted for publication, through the agency of the contact person set out above, at 12:15CET on 12 March 2018.

* Effective date corrected at 12:40CET on 12 March 2018*


Subscribe