Sinch announces that the conditions for early redemption of outstanding bonds have been fulfilled
Stockholm, Sweden – 24 September 2024 – Sinch AB (publ), which is pioneering the way the world communicates through its Customer Communications Cloud, today announces that the condition set forth in the notice dated September 13, 2024, regarding conditional early redemption (the “Early Redemption”) to the holders of the Company's outstanding bond loan with ISIN SE0013382140 (the “Bonds”) has been fulfilled.
The early redemption was conditional upon the Company having received the settlement of issued senior unsecured bonds amounting to SEK 500 million under the Company's MTN program, as announced in the Company's press release on September 13, 2024. The Company has today received the proceeds, and the condition set for the Early Redemption has thereby been fulfilled. As a result, the Early Redemption is no longer conditional and will therefore take place on October 9, 2024 (the “Redemption Date”). 100.00 percent of the nominal amount, plus accrued and unpaid interest as of the Redemption Date, will be paid to each person who, at the close of business on October 2, 2024, is registered as a holder of the Bonds in the debt register maintained by Euroclear Sweden. In connection with the Early Redemption, the Bonds will be delisted from Nasdaq Stockholm.
For further information regarding the Early Redemption, please see the Company's press release dated September 13, 2024.
For further information, please contact
Ola Elmeland
Investor Relations Director
Mobile: +46 721 43 34 59
E-mail: investors@sinch.com
About Sinch
Sinch is pioneering the way the world communicates. More than 150,000 businesses – including many of the world's largest tech companies – rely on Sinch’s Customer Communications Cloud to improve customer experience through mobile messaging, voice and email. Sinch has been profitable and fast-growing since it was founded in 2008. It is headquartered in Stockholm, Sweden, with shares traded at NASDAQ Stockholm: XSTO:SINCH. Learn more at sinch.com.