Company announcement from SGL TransGroup International A/S

22 October 2019
Company announcement no. 14

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

SGL TransGroup International A/S (the "Company") hereby announces that the Company's 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"), will be redeemed in advance in accordance with Clause 9.3 (Voluntary total redemption) of the terms and conditions of the Bonds.

The redemption date will be 25 November 2019. The redemption amount for each Tranche 1 Bond shall be 103.85 per cent. of the Outstanding Nominal Amount, plus accrued but unpaid Interest. The redemption amount will be paid to the Bondholders holding Bonds on the Relevant Record Date (being 20 November 2019).

The redemption amount for each Tranche 2 Bond shall be 103.40 per cent. of the Outstanding Nominal Amount, plus accrued but unpaid Interest. The redemption amount will be paid to the Bondholders holding Bonds on the Relevant Record Date (being 20 November 2019).

The Company's obligation to redeem the Bonds on the redemption date is conditional upon the Company, prior to the redemption date, fulfilling the conditions precedent for disbursement of the net proceeds from the up to EUR 315,000,000 senior secured floating rate bonds 2019/2024 (ISIN: SE0013101219), which are intended to be applied towards, inter alia, financing the redemption of the Bonds.

The Bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the redemption date and the last day of trade will be the date falling on or about 20 November 2019.

For further information, please contact:

Claes Brønsgaard Pedersen, Group CFO, Executive Management
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, on 22 October 2019.

   
SGL TransGroup International A/S
Kirstinehøj 7, 2770 Kastrup, Denmark
Tel: +45 32 48 00 00, headoffice@scangl.com, www.scangl.com
Company Reg. No.: 37 52 10 43

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