Company announcement from SGL International A/S
26 April 2023
Company announcement no. 67
SGL International A/S announces its intention to voluntarily redeem all its outstanding senior secured bonds with ISIN SE0013101219 and SE0015810759 and all its outstanding subordinated unsecured bonds with ISIN NO0012441007
SGL International A/S (the "Company") hereby announces its intention to exercise its right to make an early redemption of its up to EUR 315,000,000 senior secured floating rate bonds with ISIN SE0013101219, up to EUR 350,000,000 senior secured fixed rate bonds with ISIN SE0015810759 and EUR 41,150,000 subordinated unsecured PIK interest rate bonds with ISIN NO0012441007 (the "Existing Bonds" and each an "Existing Bond"), in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the applicable terms and conditions of the relevant Existing Bonds.
The redemption date for the Existing Bonds will be 25 May 2023 (the "Redemption Date"). The redemption amount for each Existing Bond with ISIN SE0013101219 shall be 102.025 per cent. of the nominal amount plus accrued but unpaid interest. The redemption amount for each Existing Bond with ISIN SE0015810759 shall be 102.025 per cent. of the nominal amount plus accrued but unpaid interest. The redemption amount for each Existing Bond with ISIN NO0012441007 shall be 100.075 per cent. of the nominal amount plus accrued but unpaid interest.
The applicable redemption amount will be paid to the bondholders holding the relevant Existing Bond on the relevant record date, being (i) 17 May 2023 for the Existing Bonds with ISIN SE001310121 and ISIN SE0015810759 and (ii) 19 May 2023 the Existing Bond with ISIN NO0012441007.
The Company's obligation to redeem the Existing Bonds on the Redemption Date is conditional upon (i) the successful completion of the indirect acquisition of the Company by Skill BidCo ApS (the "New Issuer") and (ii) the New Issuer satisfying the conditions precedent for disbursement of the net proceeds from escrow under its senior secured floating rate bonds issue in an aggregate amount of up to EUR 750,000,000 with ISIN NO0012826033 issued by the New Issuer on 2 March 2023.
Subject to the above, 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:
SGL International A/S:
Claes Brønsgaard Pedersen, Global CFO
ir@scangl.com | (+45) 32 48 00 00
This information is information that SGL International A/S 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 11.00 CET on 26 April 2023.
Tags: