Polygon completes early redemption of all 2018/2023 notes
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As previously announced, Polygon AB (publ) (the “Company” or “Polygon”) has resolved on a voluntary redemption in full of all outstanding senior secured fixed rate notes with ISIN SE0010830950 (the “2018/2023 Notes”) in an outstanding nominal amount of EUR 250,000,000 together with accrued interest, in view of funds advised by Triton Partners having signed an agreement to sell Polygon Holding AB to funds managed by AEA Investors LP (the “Transaction”). The Company’s redemption of the 2018/2023 Notes was conditional upon the Company not having, prior to the date hereof, being the last day of trading of the 2018/2023 Notes, received information or indication that the completion of the Transaction will not occur. As the Company has not received such information or indication and the transaction condition thus being fulfilled, the Company will complete the redemption of all outstanding 2018/2023 Notes.
The 2018/2023 Notes will, as previously announced, be redeemed at an amount equal to 101 per cent of the nominal amount, together with accrued but unpaid interest. The redemption of the 2018/2023 Notes is expected to take place on or around 7 October 2021 and the record date on which any holder must hold any notes to be entitled to the redemption amount is 30 September 2021.
This information was submitted for publication at 07.30 CEST, the 28th of September 2021.
Important information
The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in securities in Polygon AB (publ).
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No securities issued by Polygon AB (publ) 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, granted, sold, resold, 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 securities 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 Polygon AB (publ)’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.
For more information, please visit www.polygongroup.com or contact Martin Hamner, Chief Financial Officer, martin.hamner@polygongroup.com, +46 70 607 85 79
Polygon is a Global Expert and the European market leader in Property Damage Control. On 3 continents and in 16 countries, our over 5,500 service professionals prevent, control and mitigate the effects of water, fire and climate. Our innovative and tailor-made solutions combine people, knowledge and technology for a wide range of customer segments.