Hoist Group Holding Intressenter AB (publ) announces an increase of the margin under its bonds due to a repayment of shareholder loans
With reference to the up to SEK 1,000,000,000 senior secured callable floating rate bonds 2017/2021 (ISIN: SE0010101576) (the "Bonds") issued by Hoist Group Holding Intressenter AB (publ) (the "Company") and to the terms and conditions (the "Terms and Conditions") of the Bonds dated 26 June 2017, the Company has today made a repayment of shareholder loans in the amount of SEK 75,000,000 (the "Restricted Payment").
The repayment of shareholders loans will be used for a buyout of the passive shareholder in the co-owner of the Company, C&M Stockholm AB. The co-founder of the Company, Malcolm Lindblom, will thereby increase his indirect ownership of the Company from 25 per cent. to 35 per cent., while AccentEleven Holding Ltd will increase its ownership from 50 per cent. to 65 per cent.
Due to the Restricted Payment the margin for the Bonds have increased by 1.00 per cent. per annum and is now 6.00 per cent. per annum.
This information is information that Hoist Group Holding Intressenter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact person set out below, at 15:00 CET on 3 December 2018.
For more information, please contact:
Rasmus Pedersen, Chief Financial Officer, Hoist Group
Phone: +46 (0)73 660 6852
E-mail: ir@hoistgroup.com
Hoist Group is the complete hospitality partner for hotels and public operations. With more than 20 years of proven hospitality experience, Hoist Group is the market leader in innovative High Speed Internet Access, Conference services, TV & Content solutions, PMS and back-office software as well as other guest-facing amenities. Many hotel chains, flagship independent hotels have entrusted their IT to Hoist Group. With HQ in Sweden, the company has offices in 18 countries across the EMEA region.