MAGLE GROUP COMPLETES RESTRUCTURING OF ITS OUTSTANDING DEBT AND CAPITAL STRUCTURE
MAGLE GROUP COMPLETES RESTRUCTURING OF ITS OUTSTANDING DEBT AND CAPITAL STRUCTURE
Magle Chemoswed Holding AB (publ) (“Magle Group” or the “Company”) announces that it has completed the restructuring of its outstanding debt and capital structure (the “Restructuring”) as previously announced on 10 July 2026. All implementation steps have been finalised, including the issuance of super senior bonds, the structural write-down and cancellation of the existing bonds, the issuance of reinstated bonds, the directed set-off issue to bondholders and the directed share issues to investors.
The Restructuring comprised the issuance of super senior bonds with a total nominal amount of up to approximately SEK 203 million, a debt-for-equity swap whereby part of the Company’s initial bonds were written down and cancelled with the holders receiving new shares, the restatement of remaining bond debt as reinstated bonds, and directed share issues to existing shareholders and board members.
Aaron Wong, CEO, comments:
“With the Restructuring now completed, we have strengthened Magle Group’s balance sheet, reduced the Company’s indebtedness and created a firm foundation to focus on the operational turnaround of the business.”