DDM Debt to receive an equity injection
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that its parent company, DDM Finance AB, has successfully refinanced its EUR 12 million senior secured bonds maturing 6 November 2019. Certain amendments were made to the Terms and Conditions, including extending the maturity date to 30 June 2022.
DDM Finance AB has also issued EUR 6 million of additional bonds under the same framework. Part of the net proceeds will be used to provide a shareholder loan to DDM Debt AB (“DDM Debt”), which thereby qualifies as equity under the current DDM Debt senior secured bond terms. This strengthens the opportunities for DDM Debt to support continued growth.
This is information which DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 15:00 CET on 31 July 2019.
For more information, please visit DDM’s website at www.ddm-group.ch or contact:
Henrik Wennerholm, Chief Executive Officer
Tel: +41 79 539 88 59
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (First North: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 4 billion. Arctic Securities is DDM Holding AG’s Certified Adviser (tel: +46 8 44686080, e-mail: email@example.com).