Vestum announces that the conditions for early redemption of its bonds 2021/2024 have been fulfilled
On 4 April 2024 Vestum AB (publ) (“Vestum”) announced that, subject to certain conditions, the company intends to redeem in full its outstanding bonds of series 2021/2024 (ISIN SE0016844526) (the “Bonds”) on 30 April 2024. On 4 April 2024 Vestum AB (publ) (“Vestum”) announced that, subject to certain conditions, the company intends to redeem in full its outstanding bonds of series 2021/2024 (ISIN SE0016844526) (the “Bonds”) on 30 April 2024.
The early redemption was conditional upon fulfilment of conditions precedents for amendments to Vestum’s credit facilities agreement and customary conditions precedent for utilisation of loans under the credit facilities agreement prior to 23 April 2024. Such conditions have been fulfilled and the early redemption of the Bonds is therefore no longer conditional.
The Bonds will be redeemed at the redemption price of 100.83 per cent. of the total outstanding nominal amount (i.e., SEK 1,260,375 per bond) together with any accrued and unpaid interest (the “Redemption Amount”).
The Redemption Amount will be paid to each person who is registered as owner of the Bonds in the debt registers maintained by Euroclear Sweden at the end of business on 23 April 2024. In connection with the redemption, the Bonds will be delisted from Nasdaq Stockholm and Frankfurt Open Market.