YA Holding gives conditional notice of redemption of existing bonds and plans new issue of social sustainability-linked bonds
YA Holding (“YA” or the “Company”) is contemplating to issue new floating rate senior secured social sustainability-linked bonds in an amount of SEK 480 million with a maturity of three (3) years (the “New Bonds”), subject to market conditions. In connection with the financing, the Company has developed a sustainability-linked bond framework, linking the New Bond issue to a material and ambitious social sustainability performance target. The net proceeds from the New Bonds shall be applied towards redemption in full of the outstanding bonds (ISIN SE0005990835) (“Existing Bonds”) and applied towards general corporate purposes, including fund parts of the acquisition of Arcus Utbildning and Jobbförmedling AB.
In connection with the bond issue, YA has today given notice to all holders of the Company’s Existing Bonds that the Company exercises its option for early redemption of the Existing Bonds in full. The redemption is conditional upon the successful settlement of the issuance of the New Bonds (the “Condition”).
The date for the redemption will be 29 December 2021 (the “Redemption Date”) and the record date for the redemption will be 21 December 2021 (“Record Date”).
Subject to the Condition being satisfied (or the redemption otherwise being declared unconditional by the Company), the Existing Bonds will be redeemed on the Redemption Date at a redemption price corresponding to 103.00 per cent. of the total outstanding nominal amount of the Existing Bonds (i.e. SEK 1,030,000 per bond), plus accrued but unpaid interest, in accordance with the terms and conditions for the Existing Bonds. The redemption amount will be disbursed to those being directly registered owners of Existing Bonds and to registered authorised nominees (Sw. förvaltare) of the Existing Bonds as of the Record Date in the debt ledger maintained by Euroclear Sweden. In connection with the redemption, the Existing Bonds will be delisted from the corporate bond list of Nasdaq Stockholm.
For further information on the early redemption, please refer to the Company’s notice on early redemption, which will be available on the Company’s website (www.ya.se). The Company’s notice of early redemption is governed by Swedish law. This communication is, for the avoidance of doubt, not an offer to purchase or sell financial instruments.
YA has mandated Carnegie Investment Bank AB (publ) as arranger, sustainability structuring advisor and sole bookrunner in respect of the issuance of the New Bonds. Gernandt & Danielsson Advokatbyrå KB has been appointed as legal counsel.
This disclosure contains information that YA Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 02-12-2021 10:00 CET.
För pressfrågor, vänligen kontakta:
VD
YA Holding AB (publ)
Att. Martin Modig
Tel.nr: 46 (0) 72 369 66 80
E-post: martin.modig@ya.se
CFO
YA Holding AB (publ)
Att. Antti Rokala
Tel.nr: 46 (0) 76 899 49 73
E-post: antti.rokala@ya.se