Greenfood AB (publ) (the ”Company”) today informed the holders of its up to SEK 1,300,000,000 senior secured sustainability-linked floating rate notes 2021/2025 with ISIN SE0017072457 issued by the Company (the ”Notes”) of its intention to redeem the Notes early, conditional upon the successful issuance of new senior secured sustainability-linked floating rate notes.
Today, 4 November 2024, the Company has sent a conditional notice for early redemption (the “Notice”) to each person registered in the debt register (Sw. skuldbok) with respect to the Notes on the Record Date (as defined below).
The redemption date for the Notes will, subject to the satisfaction or waiver of the Condition (as defined below) or extension of the notice period, be 22 November 2024 (the ”Redemption Date”). The Notes will be redeemed at an amount equal to 101.75 per cent. of the nominal amount plus 1.00 per cent. in accordance with clause 11.3.3 of the terms and conditions of the Notes (i.e. SEK 1,284,375 per Note) (the ”Redemption Amount”) plus accrued but unpaid interest up to and including the Redemption Date. The 1.00 per cent. premium forms part of the Redemption Amount as the Company has met only two out of three Sustainability Performance Targets Milestones contained and defined in the terms and conditions of the Notes; however, the Company would, based on recent forecasts and reasonable assumptions, have achieved the final Sustainability Performance Target Milestone by early 2025, well in advance of the Final Maturity Date (as defined in the terms and conditions of the Notes). The Redemption Amount will be disbursed to each person who is registered on a securities account as a direct registered owner (Sw. direktregistrerad ägare) or an authorised nominee (Sw. förvaltare) with respect to a Note at end of business on 15 November 2024 (the ”Record Date”) in the debt register.
The redemption of the Notes described herein is, in all respects, subject to and conditional upon the successful issuance by the Company of new SEK-denominated senior secured sustainability-linked floating rate notes for the purpose of inter alia refinancing the Notes (the ”Condition”) and the Company shall not, and shall have no obligation to, redeem any of the Notes pursuant to this Notice unless the Condition has been satisfied or waived. The Company will notify the holders of Notes of the satisfaction or waiver of the Condition or the extension of the notice period through a press release no later than 14 November 2024.
If the Condition is satisfied or waived and the notice period has not been extended by the Company, the Notes will be de-listed from the sustainable bond list of Nasdaq Stockholm.
For further information, please contact:
Martin Asp, Group CFO
martin.asp@greenfood.se
This information is information that Greenfood AB (publ) 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 above, at 18.00 CET on 4 November, 2024.
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