First Camp simplifies its holding structure and receives the bondholders’ consent to repay a pledged intercompany loan

First Camp Group AB (publ) (the “Issuer”) has issued senior secured sustainability-linked floating rate bonds due 2026 with ISIN SE0019173725 bond (the “Bonds”). The Issuer hereby informs that it has received the bondholders’ consent that a pledged intercompany loan is repaid to simplify the holding structure of the Issuer’s group.

Nordic Trustee & Agency AB (publ) is the appointed agent (the “Agent”) under the terms and conditions for the Bonds (the “Terms and Conditions”). The Agent has been informed that the Issuer contemplates certain reorganisations to simplify the holding structure of the Issuer group. As part of such reorganisation, the Issuer has requested the bondholders’ consent to repay a pledged intercompany loan owed to the Issuer by its direct subsidiary First Camp Sverige Holding AB.

A new loan in the same amount as the existing loan will be granted by the Issuer to its direct subsidiary First Camp Sverige AB simultaneously with the repayment. The new loan will be pledged to the secured parties under the pledge agreement immediately.

The Agent has approved the consent request to permit the repayment of the intercompany loan since the repayment is not detrimental to the interest of the bondholders. Pursuant to the terms and conditions of the Bonds, such consent shall be publicly announced in a press release.

For more information, see Notice to Bondholders from Nordic Trustee & Agency AB (publ)

or please contact

Göran Meijer
CFO
goran.meijer@firstcamp.se
+46 (0)707 18 05 75