Open Infra US Assets AB (publ) informs of financial covenant breach as at the reference date 30 June 2026
MON, JULY 6, 2026 14:00 CEST
Open Infra US Assets AB (publ) (the "Company") hereby informs that one of its financial covenants under the terms and conditions (the "Terms and Conditions") in respect of its bonds with ISIN NO0013140640 (the "Bonds") has been breached (the "Covenant Breach"). Pursuant to paragraph (c) of Clause 13.1 (Maintenance Test) of the Terms and Conditions, the number of Households Connected (as defined in the Terms and Conditions) held by the group shall be at least 9,500 on each reference date. On the reference date falling on 30 June 2026, the number of Households Connected was 8,600. The Covenant Breach is primarily attributable to the previously announced termination of two servicer providers, whereby a number of customers chose to churn rather than select a new service provider available on the fibre network.
Based on the current preliminary figures, the Company does not expect the other financial covenants pursuant to Clause 13.1 (Maintenance Test) of the Terms and Conditions to be breached in relation to the reference date falling on 30 June 2026.
The Company’s has initiated a strategic review with respect to a potential sale of all or part of the network. The Company has received a number of indicative offers which are currently under evaluation.
The Company indents to initiate discussions with the holders of the Bonds with a view to agree a satisfactory solution in respect of the Covenant Breach and to pursue other long-term strategic measures to find a viable solution.
For further information, please contact:
Erik Stiernstedt, CEO
+ 46 (0) 70 550 30 73
This information is information that Open Infra US Assets AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (Regulation (EU) No 596/2014). The information was submitted for publication, through the agency of the contact person set out above, at 14:00 CEST on 6 July 2026.