Onsdag 30 Oktober | 09:25:32 Europe / Stockholm

Prenumeration

2024-06-11 15:30:00

11 June 2024

This announcement may include projections and other forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on current expectations and involve several known and unknown risks, uncertainties and other factors that could cause the Company’s or its industry’s actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward- looking statements. You should not place undue reliance on forward-looking statements and the Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

Compact Bidco B.V.
A. van Leeuwenhoekweg 38 D2 2408 AN
Alphen aan den Rijn The Netherlands

Alphen aan den Rijn, The Netherlands.

Consolis Group Announces Funding of Liquidity Facility

Compact Bidco B.V., a private company with limited liability (besloten vennootschap met beperkte
aansprakelijkheid) incorporated under the laws of the Netherlands (the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that funding of its €79 million Liquidity Facility (previously outlined in the Company’s announcement dated 4 May 2024) has occurred today, 11 June 2024. The Liquidity Facility results in ~€36m of additional liquidity to the Group and refinances the Bridge Facility.

In addition, and further to the Company’s announcement dated 4 May 2024, additional holders of its 5.75 per cent Senior Secured Notes due 2026 have now acceded to the Restructuring Support Agreement, such that the Transaction now has the support of SSN holders holding more than 93% of the principal amount outstanding. The Company maintains its expectation that the Transaction announced on 4 May 2024 will be completed by the third quarter of this year and expects it to be implemented consensually.

“We are delighted with the overwhelming support of our stakeholders to the comprehensive recapitalisation transaction which will leave Consolis with a significantly strengthened balance sheet and the business positioned to capitalise on the expected improvement in market conditions.” said Mikael Stöhr, President of the Consolis Group.

Capitalised terms used but not defined in this notice have the meaning given to them in the Company’s announcement dated 4 May 2024.