PROVENTUS ANNOUNCES NAV OF PROVENTUS CAPITAL PARTNERS III

The information provided herein is such that Proventus Capital Partners III AB (publ) is obligated to disclose pursuant to the Securities Markets Act (SFS 2007:528) and/or the The Financial Instruments Trading Act (SFS 1991:980). The information was submitted for publication at 2.30 p.m. on 5 October 2018.

Proventus today announces that, at the close of business on 30 September 2018, the Net Asset Value per participation loan debentures of Proventus Capital Partners III, is SEK 704,748 for series A and SEK 17,782,896 for series B.

SEK 22,847 per series A debenture and SEK 571,175 per series B debenture will be distributed as Ordinary Income to our debenture holders on 12 October 2018. SEK 89,000 per series A debenture and SEK 2,225,000 per series B debenture will be distributed as partial repayment of the debenture loan on 26 October 2018.  

Proventus Capital Partners III’s assets are composed of 4.2 per cent publicly traded corporate bonds, and 95.8 per cent privately issued corporate loans.

During the third quarter, Proventus Capital Partners III invested in one new private loan and made add-on investments in four private loans. Four private loan investments and one public high-yield bond were repaid in the third quarter.

Daniel Sachs, CEO Proventus, phone: + 46 8 723 31 00

Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also conducts investments in publically traded corporate credits. The funds of Proventus Capital Partners have combined assets of EUR 2.5 billion and are managed by Proventus Capital Management AB, which is owned by management. Proventus AB, founded and owned by Robert Weil, is one of the largest investors in the funds of Proventus Capital Partners. The Proventus Capital Partners III series A1 participation loan debentures and series B participation loan debentures are issued by Proventus Capital Partners III AB (publ) and listed on the Debt Securities segment of Nordic Growth Market NGM in Stockholm. The number of debentureholders amounts to approximately 50.