Hedin Mobility Group receives approval from bondholders in the written procedure under its senior unsecured bonds 2023/2026
Hedin Mobility Group AB (publ) (the “Company”) today announces the successful completion of the written procedure that was initiated on 17 March 2026 (the “Written Procedure”) under the terms and conditions of the Company’s outstanding senior unsecured callable floating rate bonds with ISIN SE0018742033 (the “Bonds”).
The Company initiated the Written Procedure on 17 March 2026 in order to request the bondholders’ approval of, among other things: (i) the extension of the final redemption date of the Bonds by 15 months to 7 October 2027, (ii) in consideration of the extension, amending the redemption price at the final redemption date from 100 per cent. to 106 per cent. of the nominal amount, (iii) incorporating an optional early partial redemption right, allowing the Company to redeem the Bonds, in whole or in part, at increasing redemption prices prior to the new final redemption date, (iv) incorporating a mandatory partial redemption undertaking in relation to proceeds from certain disposals of entities and business units which will be applied towards prepayment of the Bonds and the Bank Facilities (as defined below) as further described in the notice of Written Procedure, (v) removal of permitted distributions to shareholders and subordinated creditors and (vi) incorporating additional restrictions to permitted debt and permitted security (the “Amendments”).
A sufficient number of bondholders participated in the Written Procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour of approving the proposed Amendments to the Bonds. Accordingly, the agent, CSC (Sweden) AB (the “Agent”), has today concluded the Written Procedure.
For more information regarding the Written Procedure, and a more detailed description of the Amendments, please see the notice of the Written Procedure on the Company’s and the Agent’s respective websites.
For questions regarding the administration of the Written Procedure, please contact CSC (Sweden) AB at se.trustee@cscglobal.com or + 46 8 402 72 00.
For further information, please contact the Company at:
Anders Hedin
CEO & President
ir@hedinmobilitygroup.com
Magnus Matsson
Global Communications Director
+46 31-790 00 82
ir@hedinmobilitygroup.com