Bond issue

In December 2020, Desenio Group AB (publ) issued senior secured bonds 2020/2024 with ISIN SE0015242839 (the “Bonds”) in the amount of SEK 1,100 million in connection with the acquisition of Poster Store Sverige AB. The Bonds bears a floating interest of STIBOR 3m +5,5% and mature in December 2024. Transaction costs in connection with the bond issue amounted to approximately SEK 35 million and will be reported as interest cost over the bond period. The Bonds, which has a framework amount of SEK 1,800 million, is listed on the Frankfurt Stock Exchange Open Market Quotation Board and on Nasdaq Stockholm. The terms and conditions for the Bonds contain customary positive and negative undertakings, inter alia, restrictions regarding incurring additional indebtedness, granting of additional security, disposal of assets, distributions and provision of loans, in each case subject to certain agreed exceptions and thresholds.

Desenio Group AB initiated a written procedure 7 November to inter alia extend the maturity of its Bonds to 31 January 2025, with a possibility of further extension through a simplified procedure.

The same day, Desenio Group instructed Nordic Trustee & Agency AB, in its capacity of agent under the Bonds, to send a notice of written procedure (including voting instructions) to the direct registered owners and registered authorised nominees of the Bonds in the Company’s debt ledger held with Euroclear Sweden as per 6 November 2024. The notice of Written Procedure is available below.

On December 24, 2024, a term sheet for restructuring the bonds including a debt conversion with 75% write-down of the bonds and 95% dilution of the shareholders was entered into. This agreement was voted through by the bondholders in February 2025 and approved at an extraordinary general meeting of the shareholders on March 4, 2025.