AS Pro Kapital Grupp announces a partial repayment under its senior secured bonds
AS Pro Kapital Grupp announces a partial repayment under its senior secured
bonds
AS Pro Kapital Grupp (hereinafter referred to as the Company) announces that the
Company will repay an aggregate nominal amount of EUR 9,405,000 (EUR 330 per
bond) together with accrued and unpaid interest under its maximum EUR
28,500,000 senior secured callable fixed rate bonds 2020/2028 with ISIN
SE0013801172 with an aggregate outstanding amount of EUR 19,950,000 (hereinafter
referred to as the Bonds and the Partial Repayment, respectively).
The Partial Repayment is made partly (EUR 4,405,000) pursuant to Clause 11.3
(Early voluntary redemption by the Issuer (call option)) and partly
(EUR 5,000,000) pursuant to Section (c) of Clause 12.12 (German Hotel Operations
Undertaking) of the terms and conditions of the Bonds. The Partial Repayment
will be made by way of reducing the outstanding amount of each Bond pro rata at
a price equal to 100 per cent. of the outstanding nominal amount, together with
accrued but unpaid interest on the repaid amount. Following the Partial
Repayment, the outstanding amount of each Bond will be EUR 370 and the aggregate
outstanding amount of the Bonds will be EUR 10,545,000.
The Partial Repayment will be carried out on 20 August 2025 to holders who are
registered as a bondholder in the debt ledger maintained by Euroclear Sweden as
of the record date, 13 August 2025.
In accordance with the terms and conditions of the Bonds, a notice of the
Partial Repayment will be sent to the bondholders on 25 July 2025. The notice
will be available on the Company's and Nordic Trustee & Agency AB's (publ)
websites.
Ann-Kristin Kuusik
CFO
+372 614 4920
[email protected] (mailto:[email protected])