Ellos Group announces that it has received an acceleration notice in respect of its outstanding bonds and contemplates a standstill agreement with major bondholders
Press release, Borås, 26 July 2024 On 14 July 2024, Ellos Group AB (publ) (“Ellos Group” or the “Company”) announced that the Company had initiated a constructive dialogue with certain holders under the Company’s outstanding SEK 1,500,000,000 senior secured bonds due 25 July 2024 (the “Senior Bonds”) and SEK 250,000,000 super senior secured bonds due 9 February 2025 (jointly, the “Existing Bonds”) to find a long-term refinancing solution for the Existing Bonds and to strengthen Ellos Group’s capital structure. In connection with the Company’s inability to repay the Senior Bonds at