Secop Group Holding GmbH investigates the possibility to issue senior secured callable bonds.

Secop Group Holding GmbH investigates the possibility to issue senior secured callable bonds.

Flensburg, May 30, 2023

Secop Group Holding GmbH (the "Company") hereby announces that it has mandated Pareto Securities AB as sole bookrunner to investigate the possibility of issuing new senior secured callable bonds in an amount of up to EUR 50 million. Subject to, inter alia, market conditions, a bond issue may follow.

The proceeds from the potential bond issue will be used to (i) refinance the existing bonds with ISIN NO0010887508, (ii) pay transaction costs, and (iii) finance general corporate purposes of the group.

The Company is also providing certain financial information for the twelve-month period ended 31 March 2023. Revenue and adjusted EBITDA amounted to EUR 264.0 million and 18.3 million, respectively, whereas net interest-bearing debt amounted to EUR 35.4 million, including cash on balance of EUR 10.0 million as per 31 March 2023. Further, the Company is providing certain forward-looking financial figures for the years 2023 and 2024. For the financial year 2023, revenue and adjusted EBITDA are expected to amount to EUR 254.9 million and EUR 19.2 million respectively. For the financial year 2024, revenue and adjusted EBITDA are expected to amount to EUR 286.5 million and EUR 26.2 million, respectively.   

e-mail: IR@secop.com

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the Company, at 8:00 CEST on 31.05.2023.

For additional information, please contact:

Secop Group Holding GmbH

Lise-Meitner-Straße 29

24941 Flensburg

Germany

Tel: +49 461 4941 0