Company announcement from SGL TransGroup International A/S

18 November 2019
Company announcement no. 15

SGL TransGroup International A/S to redeem its outstanding up to USD 250,000,000 senior secured callable bond loan with ISIN NO0010768062 and ISIN NO0010768070

We refer to the outstanding up to USD 250,000,000 senior secured callable bond loan with ISIN NO0010768062 (the "Tranche 1 Bonds") and ISIN NO0010768070 (the "Tranche 2 Bonds") (the "Bonds"), issued by SGL TransGroup International A/S (the "Company") and to the terms and conditions of the Bonds (the "Terms and Conditions").

Reference is further made to a call notice dated 22 October 2019, in which the Company informed the holders of the Bonds that it exercises its option to redeem all outstanding Bonds in full pursuant to Clause 9.3 (Voluntary Total Redemption) of the Terms and Conditions (the "Call Notice"), on 25 November 2019 (the "Redemption Date"). The Company's obligation to redeem the Bonds on the Redemption Date was conditioned upon the Company issuing senior secured floating rate bonds on terms that are acceptable for the Company (the "New Bonds") and fulfilling the conditions precedent for disbursement of the net proceeds from the issue of the New Bonds (the "Financing Condition").

The Company hereby confirms that the Financing Condition is fulfilled and undertakes to unconditionally redeem the outstanding Bonds on 25 November 2019 in accordance with the Call Notice.

For further information, please contact:

Claes Brønsgaard Pedersen, Global CFO
Telephone: +45 3248 0200
Email: cbro@scangl.com
 

This information is information that SGL TransGroup International A/S 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, 18 November 2019.