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DDM Holding AG
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DDM Debt AB
DDM Debt calls to redeem its existing bonds due 2021 and 2022
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) ("DDM Debt") hereby announces that its outstanding EUR 33.5 million senior secured callable fixed rate bonds with ISIN SE0010636746 and outstanding EUR 100 million senior secured callable floating rate bonds with ISIN SE0012454940 (together the "Bonds"), will be redeemed in advance in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the Bonds. DDM Debt currently holds approximately EUR 23 million of the outstanding EUR 100 million bonds.
The redemption date will be 6 May 2021 and the applicable redemption amount will be paid to the Bondholders holding Bonds on the applicable record date (being 29 April 2021).
DDM Debt's obligation to redeem the Bonds on the redemption date is conditional upon DDM Debt, prior to the applicable record date, issuing senior secured fixed rate bonds on terms that are acceptable for DDM Debt (the "New Bonds") and fulfilling the conditions precedent for disbursement of the net proceeds from the issue of the New Bonds, which are, among other things, to be applied towards financing the redemption of the Bonds.
The Bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the redemption date and the last day of trading will be the date falling on or about 23 April 2021.
This is information which DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out below, at 16.45 CEST on 9 April 2021.