Hoist Group Holding Intressenter AB (publ)
2 November 2021
Hoist Group Holding Intressenter AB (publ) gives notice that the condition for voluntary total redemption of its outstanding bonds has been satisfied
Hoist Group Holding Intressenter AB (publ) (the “Issuer”) confirms that the financing condition contained in the notice of conditional redemption given on 15 October 2021 to all holders of its up to SEK 700,000,000 Senior Secured Callable Floating Rate Bonds due 2024 with ISIN: SE0015811120 (the “Bonds”) has been satisfied.
In the notice of conditional redemption dated 15 October 2021 from the Issuer to the holders of the Bonds, the Issuer notified the holders of the Bonds of its intention to redeem the outstanding Bonds, subject to the closing of the acquisition of the Issuer by AI Silk Sweden Bidco AB (the “Condition”).
The Issuer hereby confirms that the Condition has been satisfied and that the Issuer will redeem the outstanding Bonds on 10 November 2021 (the “Redemption Date”). Consequently, the record date will be 3 November 2021.
The Bonds will accordingly be redeemed on the Redemption Date at a redemption price of equivalent to the sum of (i) 103.25 per cent. of the nominal amount of the Bonds, (ii) the remaining interest payments up to, but not including, 30 September 2022 and (iii) accrued and unpaid interest up to and including the Redemption Date.
3 November 2021 will be the last day for trading of the Bonds and the Bonds are expected to be delisted on that date.
This information is information that the Issuer 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 16.00 CET on 2 November 2021.
For further information, please contact:
Magnus Lindholm, CFO, Hoist Group
About Hoist Group
Hoist Group provides technology solutions to hotels, enabling them to manage coherent end-to-end digital journeys for their guests. Hoist Group optimizes guest services by correlating and analyzing the data that comes from its innovative Property Management & Booking Software, Managed IP Networks, Internet and TV Content as well as from many other digital touchpoints. Headquartered in Stockholm with 20 offices across EMEA, Hoist Group has nearly 500 dedicated staff serving over 8,000 unique hotels.
For more information, please contact:
Magnus Lindholm, Chief Financial Officer, Hoist Group