Bong cancels repurchased notes in connection with refinancing

Bong AB (publ) (“Bong”) has previously announced that, in order to refinance its current notes, Bong intends to issue new senior secured notes in combination with a bank loan. The company has during the past 18 months made repurchases to the nominal amount of SEK 34.75 million (the “Repurchased Notes”). In connection with the maturity of the current notes, Bong therefore cancels the Repurchased Notes for administrative reasons.

Nordic Trustee and Agency AB (publ), agent under the current notes, has agreed to waive certain terms for the current notes to enable the cancellation of the Repurchased Notes. The cancellation will not affect any noteholders’ right to repayment on the final maturity date.

Bong is one of the leading providers of envelope products in Europe that also offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are packaging within retail and e-commerce and the envelope market within Eastern Europe. The Group has annual sales of approximately SEK 1.8 billion and about 1,200 employees in 13 countries.

Bong has strong market positions in most of the important markets in Europe and the Group sees interesting possibilities for continued development. Bong is public limited company, and its shares are listed on Nasdaq Stockholm (Small Cap).

For further information, please contact Carsten Grimmer, CFO of Bong AB (publ). Tel (switchboard) 46 44-20 70 00