Demeter Finance supports a new bond issue by DDM Debt and consents to waive lock-up undertakings from other bondholders in relation to the Existing Bonds
On 17 December 2018, Demeter Finance S.à r.l. ("Demeter Finance") announced a public cash offer to the shareholders of DDM Holding AG to acquire all outstanding shares in DDM Holding AG at a price of SEK 40.00 per share subject to certain completion conditions.
On 13 February 2019, Demeter Finance announced that it had solicited interest among certain holders of DDM Debt AB (publ) ("DDM Debt") outstanding EUR 85,000,000 senior secured callable fixed rate bonds 2017/2020 with ISIN SE0009548332 (the "Existing Bonds"), to waive certain amendments to the terms and conditions of the Existing Bonds (the "Waiver") and that bondholders representing approximately 56% of the outstanding Existing Bonds had agreed with Demeter Finance to vote in favour for the Waiver.
On 18 March 2019, DDM Debt announced that it has engaged ABG Sundal Collier ASA and Arctic Securities AS to arrange a series of fixed income investor meetings in the Nordics and Continental Europe, to examine the possibility to issue a EUR denominated senior secured bond with a three year tenor (the "New Bonds").
Demeter Finance supports the issue of New Bond and will, subject to certain conditions, consent to waive any lock-up undertakings given by bondholders under the Existing Bonds to Demeter Finance in connection with the Waiver to enable such bondholders to participate in the issue of the New Bonds.
Any bondholder under the Existing Bonds that wishes to participate in the issue of the New Bonds should contact Eirik Thoen (firstname.lastname@example.org, +47 948 25 886) or Morten Eide Horne (email@example.com, +47 48 40 32 70) for further information.
For additional information, please contact:
Lena Torlegård, Springtime-Intellecta, email: firstname.lastname@example.org, tel. +46 708 87 08 78.
Demeter Finance discloses the information provided herein pursuant to the Takeover Rules. This information was submitted for announcement on 18 March 2019 at 9:15 am. (CET).