YA Holding successfully issues social sustainability-linked bonds
YA Holding AB (publ) (“YA” or the “Company”) successfully issues senior secured social sustainability-linked bonds in an amount of SEK 480 million within a framework of SEK 650 million (the “Bonds”). The Bonds have a floating interest rate of 3m Stibor + 875 basis points and mature on 17 December 2024. The issue generated strong interest and the final orderbook was oversubscribed.
The net proceeds from the Bonds shall be applied towards redemption in full of the Company’s outstanding bonds (ISIN SE0005990835) (“Existing Bonds”) and applied towards general corporate purposes, including fund parts of the acquisition of Arcus Utbildning and Jobbförmedling AB (“Arcus”).
As announced in a press release on 2 December 2021, the redemption was conditional upon the successful settlement of the issuance of the Bonds (the “Condition”). YA hereby announces that the Condition today has been fulfilled and that the early redemption of the Existing Bonds therefore is irrevocable and will be completed on the redemption date being 29 December 2021. The redemption price previously announced by YA will be paid to each person who is registered as owner of the Existing Bonds as of the record date being 21 December 2021 in the debt register maintained by Euroclear Sweden.
YA also announces that the financing condition in connection with the acquisition of Arcus have been met.
The Bonds are linked to the Company's recently launched framework for sustainability-linked bonds, the Sustainability-Linked Bond Framework, based on a social key figure. The key figure measures YA’s success in getting participants from their courses into employment and thus helping people who are outside the labour market back into the labour market.
Carnegie Investment Bank AB (publ) has acted as sustainability structuring advisor and sole bookrunner in respect of the issue. Gernandt & Danielsson Advokatbyrå KB has acted 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 09-12-2021 17:20 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