Catena Media receives consent from the bondholders in the written procedure for its outstanding bond loan 2021/2024

Catena Media Plc (the “Company” or “Catena Media”) announces that the Company today has received consent from the bondholders in the written procedure (the “Written Procedure”) initiated on 19 December 2023 under its outstanding bond loan 2021/2024 with ISIN SE0015807888 (the “Bonds”) and that the Written Procedure has been successfully concluded by Nordic Trustee & Agency AB (publ) (the “Agent”), in its capacity as agent under the Bonds.

The Written Procedure was initiated in order to receive the bondholders’ approval of certain amendments to the terms and conditions for the Bonds including, inter alia, an extension of the final redemption date of the Bonds by twelve (12) months and a mandatory partial prepayment of 50 percent of the outstanding nominal amount.

Prior to the completion of the Written Procedure, the outstanding total nominal amount of the Bonds was EUR 55,000,000, of which Catena Media owned Bonds with a nominal amount of EUR 12,300,000. Following the completion of the Written Procedure and the subsequent Mandatory Partial Prepayment (as defined below), the outstanding total nominal amount of the Bonds will be EUR 27,500,000, of which Catena Media will own Bonds with a nominal amount of EUR 6,150,000 (i.e. the outstanding total adjusted nominal amount of the Bonds will be EUR 21,350,000).

The Company hereby announces that the required quorum was obtained today, 10 January 2024 and that the required majority of the votes cast in the Written Procedure were in favour of the proposal (100 percent of those who voted in the Written Procedure voted in favour of the proposal). Accordingly, the Agent has today concluded the Written Procedure.

Göran Blomberg, Chairman of the Board of Directors, comments: “We are pleased that the holders of bonds have accepted the amendments to the terms and conditions which will ensure that the bond repayments will be matched with expected proceeds from deferred payments – improving Catena Media’s financial flexibility and allowing the company to focus on the underlying business.”

In short, the amendments to the terms and conditions of the Bonds entail:

• that the final maturity date of the Bonds shall be extended by 12 months, i.e. such that the final maturity date becomes 9 June 2025
• that the Company shall make a mandatory partial prepayment of 50 percent of the outstanding nominal amount at a price equal to 100.6 percent of the nominal amount (being an aggregate amount of EUR 27,665,000) plus any accrued but unpaid interest on the repaid amount (the “Mandatory Partial Prepayment”)
• that the Company shall pay bondholders a consent fee amounting to one percent of the nominal amount of the Bonds (being an aggregate amount of EUR 550,000) (the “Consent Fee”)
• that the Company will be able to redeem the Bonds at a price equal to 100.6 percent of the nominal amount during the lifetime of the Bonds

For more information, please refer to the notice of Written Procedure on the Company’s website and the Agent’s website.

The amended terms and conditions of the Bonds are in effect from today’s date, 10 January 2024. The amended terms and conditions of the Bonds will be available on the Company’s website and the Agent’s website.

Catena Media hereby announces that the payment of the Consent Fee and the Mandatory Partial Prepayment will be made on 2 February 2024 to the bondholders through Euroclear Sweden. Catena Media has today sent a notice of Mandatory Partial Prepayment through the Agent to all bondholders. The payments will be made on a pro rata basis to the bondholders who are registered as a bondholder in the Company’s debt ledger held with Euroclear Sweden on the record date on 26 January 2024.

ABG Sundal Collier AB has acted as financial advisor to Catena Media and Gernandt & Danielsson has acted as legal advisor in connection with the Written Procedure.

Contact details for further information:

Investor Relations
Email: ir@catenamedia.com

Erik Edeen, Interim Group CFO
Email: erik.edeen@catenamedia.com

The information was submitted for publication, through the agency of the contact person set out above on 10 January 2024 at 16:15 CET.

About Catena Media

Catena Media is a global leader in generating high-value leads for operators of online casino and sports betting platforms. The group’s large portfolio of web-based affiliation brands guides users to customer websites and enriches the experience of players worldwide. Headquartered in Malta, the group employs over 350 people across the globe. The share (CTM) is listed on Nasdaq Stockholm Mid Cap. For further information see catenamedia.com.