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DDM Holding AG
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DDM Debt AB
DDM Debt to repay EUR 7.5 million of outstanding bond loans as part of its recently completed written procedure
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) ("DDM Debt") today announces that it will make a EUR 7,500,000 repayment (the “Repayment”) on the Company’s outstanding EUR 50,000,000 senior secured bonds with ISIN SE0010636746 due 2021 (the "Bonds") on 16 September 2020. The Repayment will be made pro rata, without any premiums and together with accrued but unpaid interest on the Repayment amount.
DDM Debt has, as previously announced on 14 August 2020, received approval to extend the Company’s outstanding bond loan with ISIN SE0010636746 for one year, from 11 December 2020 to 11 December 2021 (the “Extension”). The Extension was conditional on certain conditions being met, including that a voluntary repayment of EUR 7,500,000 is made.
The Repayment will be payable to all persons who are registered as a direct registered owner or authorised nominees in the debt register kept by Euroclear Sweden on 9 September 2020 and the payment of the Mandatory partial redemption is expected to be made five (5) business days thereafter through Euroclear Sweden's account based system.
This information was submitted for publication, through the agency of the contact person set out below, at 13.30 CEST on 21 August 2020.