PROVENTUS CAPITAL PARTERS III AB (PUBL) ISSUES NEW DEBENTURES
Stockholm, 3 January 2017
Proventus Capital Partners III AB (publ) today announces that on 18 January 2017, the company will increase its contributed capital by SEK 606 million through the issuance of 414 series A participation loan debentures at a price of SEK 1,000,000 each and 5 series B participation loan debentures at a price of SEK 25,000,000 each and by an equity contribution of SEK 67 million from the owners.
The new debentures are subscribed for by existing debenture holders and will be registered in Euroclear around 25 January 2017. The new debentures will be eligible for coupon payments from the first quarter 2017.
Including the newly issued debentures, Proventus Capital Partners III’s funding amounts to SEK 7,878 million comprised of series A participation loan debentures of SEK 5,382 million, series B participation loan debentures of SEK 1,625 million and SEK 871 million in equity.
The information provided 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 Financial Instruments Trading Act (SFS 1991:980). The information was submitted for publication at 2.30 p.m on 3 January 2017.
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 listed on the NDX segment of Nordic Growth Market NGM in Stockholm, and are held by approximately 50 investors.
For more information:
Daniel Sachs, CEO, +46 8 723 31 00