Proventus Capital Parters III AB (publ) issues new debentures

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 3.45 p.m on 30 November 2018.

Proventus Capital Partners III AB (publ) today announces that on 14 December 2018, 13 March 2019 and 13 May 2019 the company will increase its contributed capital each date 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 28 December 2018, 22 March 2019 and 22 May 2019.

The new debentures issued 14 December 2018 will be eligible for coupon payments from the fourth quarter 2018, the new debentures issued 13 March 2019 will be eligible for coupon payments from the first quarter 2019 and the new debentures issued 13 May 2019 will be eligible for coupon payments from the second quarter 2019.

After the last issued debentures 13 May 2019 including the newly issued debentures, Proventus Capital Partners III’s funding amounts to SEK 11,514 million comprised of series A participation loan debentures of SEK 7,866 million, series B participation loan debentures of SEK 2,375 million and SEK 1,273 million in equity. 

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.

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