Humble Group announces that the Company will carry out a conditional early redemption of its existing outstanding senior secured bonds 2021/2024 with ISIN SE0015243472 with an outstanding amount of SEK 300 million (the "2021/2024 Bonds") and existing outstanding senior secured bonds 2021/2025 with ISIN SE0016273742 with an outstanding amount of SEK 1,500 million (the"2021/2025 Bonds" and together with the 2021/2024 Bonds,the"Bonds").
The early redemption date is set to August 22, 2023. The early redemption is conditional upon the customary conditions for drawing on the new SEK 1,650 million credit facility agreement entered into with Nordea, SEB and SEK (as communicated through a press release on June 20, 2023) being fulfilled before August 15, 2023.
In accordance with the terms and conditions of the Bonds, the 2021/2024 Bonds will be redeemed at a redemption price of 100.95% of the total nominal amount (i.e. SEK 1,261,875 per bond) together with accrued but unpaid interest and the 2021/2025 Bonds will be redeemed at a redemption price of 104.125% of the total nominal amount (i.e. SEK 1,301,562.50 per bond) together with accrued but unpaid interest (the "Redemption Amounts").Theredemption amounts will be paid to each person who, at the close of business on 15 August 2023, is registered as the holder of the Bonds in the debt registers maintained by Euroclear Sweden. In connection with the redemption, the Bonds will be delisted from Nasdaq First North.
A notice of early redemption is sent to directly registered holders of the Bonds as shown in the debt registers as of July 26, 2023.
Gernandt & Danielsson Advokatbyrå KB is acting as legal advisor to the Company in connection with the conditional early redemption.
For further information, please contact:
Simon Petrén, CEO, Humble Group AB (publ)
E-mail: simon.petren@humblegroup.com
Phone: +46 8 61 32 888
The information in this press release was published through the agency of the contact person set out above, at the time stated by Humble's news distributor Cision at the publication of this press release.
ABOUT HUMBLE
Humble Group is a Swedish foodtech and FMCG group delivering the next generation of consumer products that are good for people and the planet. Humble focuses on the foodtech, eco, sustainability and vegan segments. The companies are growing through organic growth, acquisitions and leveraging synergies in the different business units: brands, distribution, manufacturing and ingredients. Humble's technologies, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve taste and texture for the next generation of sugar-reduced, sustainable and vegan products. For more information, visit www.humblegroup.com
Humble is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE. FNCA Sweden AB is Humble's certified adviser. Tel: 08-528 00 399, e-mail: info@fnca.se
