Bong redeems outstanding senior secured fixed rate notes issued in 2015
On 21 December 2015, Bong AB (publ) (“Bong”) issued SEK 200 million senior secured fixed rate notes with ISIN SE0007820444 (”2015/2018 Notes”) with maturity in December 2018. On 10 October 2018, Bong issued a conditional notice of redemption in respect of the 2015/2018 Notes (the “Notice of Redemption”). On 19 October 2018, Bong issued SEK 210 million senior secured notes with ISIN SE0011281419 with maturity in October 2021 (”2018/2021 Notes”).
By Bong successfully issuing the 2018/2021 Notes, the Financing Condition (as defined in the Notice of Redemption) is satisfied, and, consequently, all of the outstanding 2015/2018 Notes will be redeemed in full on 5 November 2018.
In accordance with the Notice of Redemption, the payment will be made to each person who was registered as holder of the 2015/2018 Notes in the debt register maintained by Euroclear Sweden AB at the end of business on the record date, which occurred on 29 October 2018.
Kai Steigleder, CEO
Telephone: +49 212 233 911 11
Bong is one of the leading providers of specialised light packaging and envelope products in Europe, offering 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 2.2 billion and about 1,400 employees in 12 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 a public limited company and its shares are listed on Nasdaq Stockholm (Small Cap).