Desenio further extends the maturity of its outstanding bonds to allow for completion of the previously announced restructuring before bond maturity
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Handel & varor |
| Industri | Detaljhandel |
Desenio Group AB (publ) (the “Company” or “Desenio”) initiated on 7 November 2024 a written procedure under its outstanding senior secured bonds 2020/2024 with ISIN SE0015242839 (the “Bonds”) to inter alia extend the maturity of the Bonds to 31 January 2025, with a possibility of further extension up until 31 March 2025 through a simplified procedure (the “Written Procedure”). The Written Procedure was successfully concluded on 3 December 2024 and the requests therein were approved.
As announced on 24 December 2024, Desenio and an ad-hoc committee of holders of the Bonds (the “AHC”) have agreed on a restructuring of the Bonds and the Company’s capital structure. The contemplated restructuring is amongst other things subject to approval being obtained from the shareholders of Desenio at an extraordinary general meeting (the “EGM”).
In order to allow for completion of the restructuring before the Bonds fall due, Desenio and the AHC have today agreed to extend the maturity of the Bonds to 31 March 2025, provided that if the EGM does not approve the restructuring, the Bonds shall become automatically and immediately due and payable on the date of the EGM. The extension was agreed in accordance with the simplified procedure approved in the Written Procedure.
The terms and conditions of the Bonds have been amended and restated effective from today to reflect the extension. The amended and restated terms and conditions will be available on the Company’s web page.