Eleving verzichtet auf vorzeitiges Kündigungsrecht für Bond 23/28

Eleving Group verzichtet auf vorzeitiges Kündigungsrecht für Anleihe 2023/28

Freitag, 21. Februar 2025 Lesezeit: 3 Minuten Allgemein, Pressemitteilungen

Mitteilung der Eleving Group im Rahmen der aktuellen Anleihen-Aufstockung:

Eleving Group waives the right to prepay the 2023/2028 Eurobonds earlier than October 31, 2026

Eleving Group informs its existing and potential investors that, subject to the successful completion of the public bond offering by tapping its existing 2023/2028 Eurobonds (ISIN: DE000A3LL7M4), the terms and conditions for early prepayment will be revised.

Under the updated terms, Eleving Group will not have the right to voluntarily prepay the currently offered and previously issued 2023/2028 Eurobonds before October 31, 2026.

While the company currently has no plans to exercise an early prepayment, bond documentation prescribes market-standard conditions to do so:

– Between October 31, 2026, and October 31, 2027, the bonds may be voluntarily prepaid at 101% of their nominal value.

– From October 31, 2027, onwards, the bonds may be prepaid at 100% of their nominal value.

Eleving Group remains committed to transparent communication with investors and will continue to provide updates on any developments related to its financing strategy.

The public bond offering

Eleving Group has launched a public offering by tapping its existing senior secured and guaranteed 2023/2028 Eurobonds with ISIN (DE000A3LL7M4) by up to EUR 50 mln. This issuance will bring the outstanding amount of the existing bonds, currently listed on the Nasdaq Riga and Frankfurt Stock Exchange, to a maximum of EUR 100 mln. Investors in Latvia, Estonia, Lithuania, and Germany can subscribe to the bonds through their custodian banks until March 7, so as global investors on the Mintos marketplace.

The new Eurobonds, maturing on October 31, 2028, are offered with a coupon rate of 13% p.a. and quarterly interest payments. The respective bonds have a nominal value of EUR 100.00 and are issued at a price of 109% plus accrued interest for a 42-day period, with an expected yield to maturity of approximately 10%. The minimum investment required is 10 bonds.

Detailed information is available in the Prospectus: https://invest.eleving.com/bond-prospectus-2025.pdf