ViaCon initiates a written procedure to amend and extend the terms and conditions of its existing Senior Secured Callable Floating Rate Bonds
Prenumeration
ViaCon Group AB (publ) (“ViaCon”, or the “Issuer”) has instructed Nordic Trustee & Agency AB (publ) (the “Agent”) to initiate a procedure in writing (the “Written Procedure”) to seek bondholders’ approval to amend the terms and conditions of its EUR 100 million Senior Secured Callable Floating Rate Bonds due November 2025 with ISIN SE0016844617 (the “Bonds”).
The proposed amendments to the Bonds include, inter alia, an extension of the final redemption date by 30 months to 4 May 2028 as well as a pro rata partial redemption of EUR 5.75 million at par. Details of the proposed amendments are further described in the notice of the Written Procedure.
Subject to approval of the Written Procedure and the amendments becoming effective, ViaCon will pay a consent fee equal to 1.00 per cent. of the nominal amount of each Bond to all Bondholders (whether voting for, against or not participating in the Written Procedure).
Furthermore, the effectiveness of the Written Procedure will be conditional upon the injection by FSN Capital Fund V of a shareholder contribution of EUR 12.5 million into ViaCon, aimed at strengthening ViaCon’s financial position. In addition, ViaCon has secured an extension of its EUR 24 million super senior revolving credit facility until 4 February 2028 subject only to the amendments to the Bonds taking effect.
Bondholders representing 64.70 per cent. of the aggregate outstanding nominal amount of the Bonds have entered into binding voting undertakings to vote in favour of the proposal contained in the Written Procedure.
ViaCon will host a group investor call on 25 August at 11.00 CEST. Interested parties are invited to contact their designated sales representative at DNB Carnegie to confirm participation and receive access details.
The notice of the Written Procedure, including the proposed amendments in full and detailed information regarding the voting procedure are available at the Issuer’s website (www.viacongroup.com) and the Agent’s website (www.nordictrustee.com).
To be eligible to participate in the Written Procedure, a person must meet the criteria for being a bondholder on 27 August 2025. This means that the person must be registered on a securities account with the central securities depository (being Euroclear Sweden AB), as a direct registered owner (Sw. direktregistrerad ägare) or authorised nominee (Sw. förvaltare) with respect to one or several Bonds.
In order for a voting instruction to be taken into account, the Agent must receive a duly completed voting form no later than 15.00 (CEST) on 9 September 2025 (the “Expiration Date”). The Written Procedure may be completed in advance if a sufficient quorum and majority of consents to the Written Procedure have been received before the Expiration Date.
The results of the Written Procedure will be published by the Issuer promptly following the Expiration Date.
For the purpose of the Written Procedure, DNB Carnegie Investment Bank AB acts as debt adviser to the Issuer, Gernandt & Danielsson Advokatbyrå KB acts as legal advisor to the bondholders and White & Case Advokat AB acts as legal advisor to the Issuer.