YA Holding AB: Prolongation and amendments to the terms and conditions of the bonds approved

The proposal to prolong YA Holding’s bonds was approved. Bondholders representing 78,8 percent of the nominal amount participated in the written procedure, enough to form a quorum. 92,4 percent of the votes were in favor of approving the proposal, which was therefore approved. In connection to new bond terms the majority equity owner, certain of CapMan’s funds, have committed to provide a capital injection of SEK 40m.

"I am glad that a long-term financing and sound capital structure that satisfies all parties is now secured. With the capital injection and lower interest costs the coming three years, YA has a good foundation for meeting the large changes foreseen in the labor policy and market for vocational training. We will now focus on continuing our efficiency and cost adaptation to increase profitability. We are now well positioned to meet the growing need for competence in Swedish companies, in the labor force and among unemployed” says Jan Larsson, CEO.

YA Holding AB on May 14, 2019 summoned a meeting among the bondholders by way of a procedure in writing for its outstanding bonds 2014/2019 with ISIN SE0005990835 with an aggregate amount outstanding of SEK 335,000,000, regarding prolongation and certain other amendments to the terms and conditions of the bonds, which is further described in the notice to written procedure published May 14, 2019.

The amendments shall be effective as per 11 June, 2019 and the amended terms and conditions will be available on the company's website (www.ya.se).

For questions, please contact: 

CEO 

YA Holding AB (publ)

Att. Jan Larsson

Tel.nr: +46 (73) 326 59 88

E-post: jan.larsson@ya.se 

CFO 

YA Holding AB (publ)

Att. Antti Rokala

Tel.nr: +46 (76) 899 49 73

E-post: antti.rokala@ya.se 

HR and Communications director 

YA Holding AB (publ)

Att. Richard Bengtsson

Tel.nr: +46 (70) 236 51 16

E-post: richard.bengtsson@ya.se 

This information is information that YA Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:21 CEST, on 11 June 2019 

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