Catena Media announced on 24 May 2021 in a press release that it had sent a conditional notice of early redemption relating to its outstanding bonds 2018/2022 with ISIN SE0010832154 (the “Existing Bonds”). The early redemption was conditional upon the successful settlement of EUR-denominated senior unsecured floating rate bonds (the “Condition”). Catena Media then announced on 27 May 2021 to issue senior unsecured floating rate bonds in the total amount of EUR 55m under a framework of EUR 100m and a tenor of three years (the “New Bonds”).
Catena Media hereby announces that the settlement of the New Bonds 2021/2024 with ISIN SE0015807888 has been completed and that the Condition has been fulfilled. The early redemption of the Existing Bonds is therefore irrevocable and will be completed on the redemption date being 17 June 2021. The redemption price previously announced by Catena Media will be paid to each person who is registered as owner of Existing Bonds as of the record date being 10 June 2021 in the debt register maintained by Euroclear Sweden.
It is also announced that Catena Operations has signed a EUR 25m term loan agreement and a EUR 10m revolving credit facility agreement with the Austrian bank Raiffeisen Bank International AG (“RBI”). The proceeds under the term loan will be used towards the early redemption of the Existing Bonds after which certain security will be provided to the benefit of RBI under the term loan and the revolving credit facility agreement.