SGL Group ApS announces its intention to resume the voluntarily redemption of all its outstanding senior secured bonds with ISIN NO0012826033
Company announcement from
SGL Group ApS
2 May 2025 Company announcement no. 31
SGL Group ApS (the "Company") hereby announces its intention to resume the delayed redemption process of its senior secured callable floating rate bonds 2023/2028 with ISIN NO0012826033 (the "Existing Bonds"), which was announced on 25 February 2025 by way of a press release, and exercises its right to make an early redemption of the Existing Bonds, in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the applicable terms and conditions of the Existing Bonds.
The redemption date for the Existing Bonds will be 19 May 2025 (the "Redemption Date"). The redemption amount for the Existing Bonds shall be 103.375 per cent of the nominal amount plus accrued but unpaid interest. The applicable redemption amount will be paid to the bondholders holding the Existing Bond on the relevant record date, being 15 May 2025.
The Issuer's obligation to redeem the Existing Bonds on the Redemption Date is conditional upon the Issuer satisfying the conditions precedent for disbursement of the net proceeds from escrow under its new EUR 375,000,000 senior secured floating rate bonds with ISIN NO0013469957 (the "Condition"). The redemption of the Existing Bonds as described herein, and the giving of this notice, is subject to and conditional upon the satisfaction of the Condition, and the Issuer shall not, and shall have no obligation to, redeem the Bonds pursuant to this notice unless the Condition has been satisfied.
The Existing Bonds held by the Company (in an aggregate nominal value of EUR 305,220,250) will be cancelled in connection with the redemption of the Existing Bonds.
The Existing Bonds will be de-listed from Frankfurt Stock Exchange Open Market and the corporate bond list of Nasdaq Stockholm (as applicable) in connection with the Redemption Date.
For further information about the Company, please contact:
Clara Nygaard Holst, Global CFO or Simon Kusk, Head of Group Finance
investor@scangl.com | (+45) 32 48 00 00
This information is information that SGL Group ApS is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 14.00 CEST on 2 May 2025.
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