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DDM Holding AG
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DDM Debt AB
DDM Debt to redeem its existing bonds due 2021 and 2022
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) ("DDM Debt") announces that it will redeem its existing bonds due 2021 and 2022 on 6 May 2021.
DDM Debt refers to 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" and each a "Bond") and to the terms and conditions of each Bond (the "Terms and Conditions").
Reference is further made to the call notices dated 9 April 2021, in which DDM Debt informed the holders of the Bonds that it was exercising its option to redeem all outstanding Bonds in full pursuant to Clause 9.3 (Voluntary total redemption (call option)) of the applicable Terms and Conditions (the "Call Notices") on 6 May 2021 (the "Redemption Date"). DDM Debt's obligation to redeem the Bonds on the Redemption Date is conditional upon DDM Debt 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 (the "Financing Condition").
DDM Debt hereby confirms that the Financing Condition is fulfilled and undertakes to unconditionally redeem the outstanding Bonds on 6 May 2021 in accordance with the Call Notices.
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 15.30 CEST on 27 April 2021.