News and Press releases
IR contact: For more information, please contact Henrik Wennerholm, Chief Executive Officer:
Telephone: +41 41 766 1420
DDM Holding AG
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DDM Debt AB
DDM refinances its EUR 12 million senior secured bonds and issues EUR 6 million of additional bonds
DDM Holding AG (First North: DDM) announces that it has successfully refinanced its subsidiary DDM Finance AB's EUR 12 million senior secured bonds maturing 6 November 2019. Certain amendments were made to the Terms and Conditions, including extending the maturity date to 30 June 2022.
DDM Finance AB has also issued EUR 6 million of additional bonds under the same framework. Part of the net proceeds will be used to provide a shareholder loan to DDM Finance AB’s wholly owned subsidiary DDM Debt AB (“DDM Debt”), which thereby qualifies as equity under the current DDM Debt senior secured bond terms. This strengthens the opportunities for DDM Debt to support continued growth.
This is information which DDM Holding AG is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 15:00 CEST on 31 July 2019.
For more information, please visit DDM’s website at www.ddm-group.ch or contact:
Henrik Wennerholm, Chief Executive Officer
Tel: +41 79 539 88 59
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
DDM Holding AG (Nasdaq First North, Stockholm: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, having acquired 2.3 million receivables with a nominal value of over EUR 4 billion. DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. Arctic Securities is DDM Holding AG’s Certified Adviser (email: email@example.com, tel: +46 8 44686100).