ZetaDisplay successfully issues new senior secured bonds and intends to redeem its senior unsecured bonds
February 01 2023 - 12:00PM
ZetaDisplay successfully issues new senior secured bonds and
intends to redeem its senior unsecured bonds
ZetaDisplay successfully issues new
senior secured bonds and intends to redeem its senior unsecured
bonds
Malmö, 1 February 2023
ZetaDisplay AB (publ) (the
“Issuer”) has successfully priced senior secured
bonds of SEK 300 million under a SEK 500 million framework and with
a tenor of 3.0 years (the “New Bonds”). The
transaction was well oversubscribed and rendered a broad interest
from both Nordic and international institutional investors. The New
Bonds have a floating rate coupon of 3 months STIBOR + 7.75 per
cent per annum and final maturity in February 2026. The Issuer
intends to apply for listing for the New Bonds on the corporate
bond list of Nasdaq Stockholm.
The proceeds will be used to refinance the
Issuer’s SEK 300 million senior unsecured bonds with maturity in
March 2023 (ISIN: SE0013109568) (the “2019/2023
Bonds”).
Redemption of the 2019/2023 Bonds is expected to
occur on or around 27 February 2023 (the “Redemption
Date”) and is conditional on the settlement of the New
Bonds. The Issuer will issue a subsequent press release on or prior
to 20 February 2023 (the “Record Date”) to confirm
whether the financing condition has been satisfied or waived, and
the redemption will proceed as planned, or whether the notice
period has been extended. If the redemption is completed, the
Issuer will pay on the Redemption Date the nominal amount of the
2019/2023 Bonds and accrued but unpaid interest on the 2019/2023
Bonds up to and including the Redemption Date in accordance with
the terms and conditions of the 2019/2023 Bonds (the
“Redemption Amount”). The Redemption Amount will
be paid to each person who is registered as a bondholder in the
debt ledger for the 2019/2023 Bonds on the Record Date.
If the redemption is completed, the 2019/2023
Bonds will be de-listed from the corporate bond list of Nasdaq
Stockholm in connection therewith.
ABG Sundal Collier has acted as Sole Bookrunner
in connection with the issuance of the New Bonds.
The notice of early redemption of the 2019/2023
Bonds is attached to this press release.
This information is information that ZetaDisplay
AB (publ) 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 below, at 18.00 CET on 1
February 2023.
For further information please contact:
Per Mandorf, President & CEO E-Mail:
per.mandorf@zetadisplay.com
Michael van Straten, CFO E-Mail:
michael.vanstraten@zetadisplay.com
Robert Bryhn, CMO / Head of Communication
E-Mail: robert.bryhn@zetadisplay.com
About ZetaDisplay
ZetaDisplay is a leader in the Nordic region and second in
Europe and we drive the digital transformation in physical
environments on a daily basis. Our solutions, concepts and software
digitize, influence and inform people's behavior at the time of
decision-making in stores, in public environments and in
workplaces. Our solutions are known as Digital Signage which we
develop and offer as SaaS solutions. We are a global leader that
actively influences the development of the international Digital
Signage market organically, through innovation and through
acquisitions.ZetaDisplay is based in Malmö and employs approx 220
employees in offices in Germany, Netherlands, Norway, Denmark,
Finland and Sweden. In total, the company manages over 80,000
installations in more than 50 markets. ZetaDisplay is owned by the
British investment company Hanover Investors.
More information at www.zetadisplay.com and
www.ir.zetadisplay.com and www.hanoverinvestors.com
- Notice of Conditional Redemption
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