SSM reaches agreement with majority of bondholders to amend terms of company’s outstanding bonds
SSM Holding AB (publ) has reached an agreement with a majority of SSM’s bondholders regarding the company’s outstanding bonds of 400.0 MSEK. Pursuant to the agreement, the maturity date of the bonds will be extended to 2022, i.e. for two years, and the interest rate will remain unchanged. Furthermore, SSM has committed to repay 100.0 MSEK no later than May 2020 and thereafter repay an amount not less than 75.0 MSEK semi-annually. In addition, the company will not pay any dividends until the bonds have been repaid in full. SSM intends to initiate a written procedure to amend the bond terms Q1