Completion of the refinancing arrangement and write-down of YA Holding’s existing bonds

As announced through a press release on 8 May 2024, YA Holding AB (publ)’s (”YA Holding”) subsidiary YrkesAkademin AB's restructuring plan gained legal force (Sw. vunnit laga kraft) on 7 May 2024. On 22 May 2024, Falu District Court announced their decision to formally terminate the company restructuring of YrkesAkademin AB and the refinancing agreement announced by YA Holding in a press release on 1 March 2024 and approved by the bondholders on 20 March 2024 can thus be implemented.

The refinancing arrangement involves a restructuring of the capital structure and certain liabilities in YA Holding through, inter alia, (i) a write-down of YA Holdings’ outstanding senior secured bonds with ISIN SE0016831150 (the “Existing Bonds”) to approximately SEK 115 million and certain amendments to the terms and conditions of the Existing Bonds; (ii) the raising of new financing of SEK 100 million by a newly formed holding company (the “New Financing”) which is intended to take over the ownership of all shares in YA Holding in connection with the completion of the refinancing arrangement; and (iii) an internal restructuring of certain group companies and intra-group transactions in order to achieve a more efficient structure.

The refinancing arrangement in YA Holding is expected to be completed around 30 May 2024 and the Existing Bonds will be written down on 7 June 2024, with record date (Sw. avstämningsdag) 30 May 2024.

The information was submitted, through the provision of the specified contact person, for publication 2024-05-27 09:00 CEST.

Sender
Martin Modig, CEO YA Holding AB (publ)

For press questions, please contact:
Alice Hedin, acting press secretary
Phone: +46 (0) 70 878 91 05
E-mail: alice.hedin@ya.se