Troax utilizes its right to voluntary partial repayment of its bond loan 2014/2020 (ISIN: SE 000 5799194)
Hillerstorp, May 20 2015, 08:30 CET
Troax Corp AB (publ) (previously Troax Group AB (publ) (”Troax”) hereby notifies all bondholders of the Troax bond loan 2014/2020 with ISIN SE 000 5799194 (the "Bond Loan") that Troax intends to utilize its right to make a voluntary partial repayment under the Bond Loan (defined in the terms and conditions as ”Permitted Partial Repayment”) in accordance with the terms and conditions of the Bond Loan.
The repayment will be made on June 22, 2015 (the "Repayment Day"). In accordance with the terms and conditions of the Bond Loan an amount equal to EUR 14,300 (rounded off to a multiple of EUR 100) of principal debt outstanding on each bond issued under the Bond Loan will be repaid, at a prize equal to 103.75 per cent, together with accrued but unpaid interest on the repaid nominal amount until and including the Repayment Day. The repayment will be made to bondholders who are registered with Euroclear Sweden AB on the record date, June 12, 2015. In order to get a transaction registered on such record date, the last day of trading is June 10, 2015.
Notices of the voluntary partial repayment have been sent to directly registered bondholders and the notice is also available on Troax's website as well as on the website of Nordic Trustee & Agency AB (publ).
As of March 31, 2015 the Troax group’s debt-to-equity ratio amounted to approximately 2.5 x EBITDA.
For more information visit: www.troax.com or contact:
Troax is the leading global supplier of indoor perimeter protection (“metal-based mesh panel solutions”) for the market segments: Automation & Robotics, Material Handling & Logistics and Property Protection. Troax develops high quality and innovative safety solutions to protect people, property and processes.
Troax Group AB (publ), Reg. No. 556916-4030, has a global organisation with an unparalleled sales force and efficient logistics setup, enabling local presence and short delivery times in 31 countries. In 2014 Troax net sales amounted to around EUR 90 million and the number of employees amounted to about 400 persons. The Company’s head office is located in Hillerstorp, Sweden.