Talkpool issues up to SEK 24 million of senior secured notes

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.

Talkpool AG (”Talkpool” or ”the Company”) issues two-plus-one year senior secured notes amounting to maximum SEK 24 million. The bond is not dilutive to existing shareholders.

The senior secured notes, which was directed to the Swedish retail market, will bear a fixed coupon of 10 percent and mature in August 2020. At the time of maturity, the Company has the option to extend the senior secured notes one year. The senior secured notes will not be listed.The proceeds, will be used for working capital, potential M&A and repaying existing guarantor loans linked to last year’s capital raising.

Advisors 

Nord Fondkommission AB and Frost & Viken Capital AB acted as financials advisors. Setterwalls Advokatbyrå acted as legal advisor to the Company in connection with the transaction.

For more information, please contact:

Erik Strömstedt, CEO Talkpool
Tel: +41 81 250 2020
erik.stromstedt@talkpool.com

About Talkpool
Talkpool provides IoT solutions and telecommunication network services globally. Through its cutting-edge technical expertise, long experience and agile business model, Talkpool offers global telecom vendors and operators high-quality services on short notice no matter the location. Moreover, Talkpool is one of few companies with actual solutions and contracts in place in the exciting IoT-market. FNCA Sweden AB is Talkpool’s Certified Advisor. www.talkpool.com

This information is insider information that Talkpool 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 above, at 11.00 CET on August 23, 2018.