BEWiSynbra places a four-year senior secured bond loan of EUR 65 million and repurchases existing SEK bonds of SEK 400 million under a tender offer

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On 11 November 2019 BEWiSynbra Group AB (publ) (“BEWiSynbra”) announced that it would assess the preconditions for a bond issuance to refinance its outstanding SEK 550,000,000 senior secured floating rate bonds maturing on 8 June 2020 with ISIN SE0009857980 (the “SEK Bonds”) in Q1 2020 and for general corporate purposes.

Further, on 12 November 2019 BEWiSynbra announced that it is offering holders of the SEK Bonds a possibility to tender up to SEK 550,000,000 of the SEK Bonds for purchase by BEWiSynbra for cash at the purchase price of 101.15% of the nominal amount (the “Tender Offer”).

Today, BEWiSynbra announces that it has successfully placed a senior secured bond loan in an amount of EUR 65 million under a framework of EUR 115 million due in November 2023 (the “EUR Bonds”). The EUR Bonds will share security and rank pari passu with BEWiSynbra’s other senior secured obligations. The interest rate for the new bond is Euribor 3m + 3.40 per cent. BEWiSynbra intends to list the EUR Bonds on the corporate bonds list at Nasdaq Stockholm. Further, BEWiSynbra has under the Tender Offer repurchased SEK Bonds in a total nominal amount of SEK 400,000,000.

The proceeds from the EUR Bonds will be used to refinance the SEK Bonds in Q1 2020 (including, for the avoidance of doubt, costs for the repurchase of SEK Bonds pursuant to the Tender Offer) and for general corporate purposes.

BEWiSynbra has appointed ABG Sundal Collier ASA and Nordea Bank Abp to act as joint bookrunners, dealer managers, and tender agents (respectively) in connection with the issue of the EUR Bonds and the Tender Offer. Cirio Advokatbyrå AB has acted as legal advisor to BEWiSynbra and Roschier Advokatbyrå AB has acted as legal advisor to the joint bookrunners.

Dealer managers, joint bookrunners and tender agents:

ABG Sundal Collier ASA: +47 22 01 60 00,

Nordea Bank Abp: +46 720 83 55 05,

For further information, please contact:

Charlotte Knudsen,
Director of IR and Communications,
BEWiSynbra Group AB (publ),
tel: +47 9756 1959

Marie Danielsson,
BEWiSynbra Group AB (publ),
tel: +46 70 661 0047

About BEWiSynbra Group AB (publ)

BEWiSynbra Group is one of the largest vertically integrated producers of expandable polystyrene (EPS) in Europe, focusing on sustainable solutions for packaging and technical components, as well as insulation. Sustainability and innovation are key drivers for the Group’s competitive advantage, and BEWiSynbra has an ambitious approach to its recycling initiatives.

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 18:00 CET on 15 November 2019.

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