YA Holding plans to seek waiver for financial covenant and approval of deferred interest payments under outstanding bonds
On 17 December 2021, YA Holding AB (publ) (“YA” or the “Company”) issued senior secured social sustainability-linked bonds in an amount of SEK 480 million within a framework of SEK 650 million (the “Sustainability-linked Bonds”). Under the terms and conditions of the Sustainability-linked Bonds, the Company has amongst other things undertaken to make quarterly interest payments to the bondholders and maintain certain financial covenants, e.g. a certain leverage ratio (net interest bearing debt/adjusted EBITDA). After successful procurement processes for labour market training courses