BEWiSynbra initiates written procedure to amend certain terms in its SEK 550 million bonds and its EUR 75 million bonds
BEWiSynbra Group AB (publ) (”BEWiSynbra”) has today initiated a written procedure to amend certain terms in its SEK 550 million bonds ISIN: SE0009857980 and its EUR 75 million bonds ISIN: SE0010985556 (the “Bonds”).
The proposed amendments means that certain basket levels for financial indebtedness is increased to facilitate further growth of the business. In addition an amendment is proposed to the terms of the intercreditor agreement to enable BEWiSynbra to efficiently maximise synergies following acquisitions.
The notice of written procedure will be sent to the relevant bondholders by the agent in respect of each Bond (Nordic Trustee & Agency AB (publ)) and is available on BEWiSynbra’s website (www.bewi.com) and on the website of the agent (www.nordictrustee.com and www.stamdata.com).
For further information, please contact:
Marie Danielsson, CFO, BEWiSynbra. Tel: +46 70 661 00 47
The information is such that BEWiSynbra Group AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 am CET on 31 August 2018.
BEWiSynbra is an innovative player and a vital component of European business, offering qualified and sustainable packaging solutions and insulation systems for buildings. The Group’s products protect and safeguard the transportation of foodstuffs, electronics and many other types of sensitive products, and meet legislators’ increasingly strict requirements for more efficient insulation of buildings. The Group has around 1,000 employees in six countries and sales of approximately SEK 4.5 billion, and its registered office is located in Solna, Sweden. BEWiSynbra Group is owned to 51.6% by Frøja Invest AS, to 21.4% by Gjelsten Holding AS, to 25.4% by Verdane Capital Advisors and to 1.6% by Senior Executives.
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