European Directories redeems in full all 2013/2018 bonds
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European Directories BondCo S.C.A. (the “Company” or “European Directories”) has, pursuant to the terms and conditions, resolved on a voluntary early redemption in full of all outstanding senior secured callable floating rate bonds maturing on 9 June 2021 and with ISIN SE0005505831 (the “Bonds”) in an outstanding nominal amount of EUR 79,580,400 together with accrued but unpaid interest. The total volume of the Bonds is a nominal amount of EUR 160,000,000. Therefore, the Company will shortly initiate the formal process of redeeming all outstanding Bonds. The Bonds will be redeemed at an amount equal to 100.00 per cent of the nominal amount, together with accrued but unpaid interest. A notice of redemption will be sent to directly registered owners and registered authorised nominees of the Bonds according to the debt register as per 30 March 2021.
The redemption of the Bonds will take place on or around 5 May 2021 and the record date on which any holder must hold any bonds to be entitled to the redemption amount is 28 April 2021. In connection with the redemption, the Company will apply for the Bonds to be delisted from Nasdaq Stockholm, Corporate Bond List, with expected last day of trading on 26 April 2021.
In connection with the transaction, Hannes Snellman Attorneys Ltd has been appointed as legal advisor.
For further information, please contact:
Tel. +31 20 408 6400
European Directories Group is an online partner for SMEs offering local search and lead generation with a scalable business model. The European Directories Group operates through five main brands: Fonecta and 020202 in Finland, HEROLD in Austria, Youvia in the Netherlands and dogado in Germany. More information about the European Directories Group can be found at www.europeandirectories.com.
The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in securities in European Directories BondCo S.C.A.
This press release may not be released, published or distributed, directly or indirectly, in or into United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa or any other jurisdiction where participation would require additional prospectuses, registration or measures besides those required by Swedish law. Nor may this press release be distributed in or into such countries or any other country or jurisdiction in which distribution requires such measures or otherwise would be in conflict with applicable regulations. Any failure to comply with the restrictions described may result in a violation of applicable securities regulations.
No securities issued by European Directories BondCo S.C.A. have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities legislation of any state or other jurisdiction of the United States and no securities may be offered, subscribed for, exercised, pledged, sold, resold, granted, delivered or otherwise transferred, directly or indirectly, in or into the United States except under an available exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States. There will be no public offering of such securities in the United States.
The securities referred to herein have not been approved or disapproved by the U.S. Securities and Exchange Commission (SEC), any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the rights issue or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.
This press release contains certain forward-looking information that reflects European Directories BondCo S.C.A.’s present view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.