Ad hoc: 4finance calls for conditional redemption of its SEK bonds and obtains temporary waiver

Donnerstag, 30.03.2017 09:10 von DGAP - Aufrufe: 116

DGAP-Ad-hoc: 4finance S.A. / Key word(s): Bond 4finance calls for conditional redemption of its SEK bonds and obtains temporary waiver 30-March-2017 / 09:08 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.


4finance calls for conditional redemption of its SEK bonds and obtains temporary waiver

30 March 2017. 4finance S.A. (the "Company") has today given conditional notice to all holders of the Company's maximum SEK 600,000,000 senior unsecured callable fixed rate bonds 2015/2018 with ISIN SE0006594412 (the "Bonds") of exercise of its option for early redemption of the Bonds in full.

The date for the redemption will be 31 May 2017 and the record date for the redemption will be 23 May 2017.

The redemption is conditioned upon (i) the successful completion of a new capital markets financing of USD notes by the Company for the purpose of financing the Redemption and other uses (the "New Financing"), (ii) the amount of the New Financing being larger than permitted under the incurrence test for the Bonds, and (iii) the amount of the New Financing being sufficient to finance the Redemption and adhere to the other uses of the New Financing. Items (i)-(iii) are together referred to as the "Conditions".

The Company will, no later than 19 May 2017, inform holders of Bonds by a press release as to whether or not the Conditions have been satisfied or waived by the Company, after which the redemption will be either irrevocable or cancelled. There is no assurance that the Conditions will be satisfied or waived or that the redemption will occur.

If the redemption occurs, the Bonds will be irrevocably redeemed on the redemption date at 106.00 per cent of the nominal amount (i.e. SEK 1,060,000 per Bond) plus accrued interest from but excluding the preceding interest payment date up to and including the redemption date. The redemption amount will be disbursed to those being directly registered owners and registered authorised nominees (Sw. förvaltare) of the Bonds as of the record date in the debt ledger produced by Euroclear Sweden. In connection with the redemption, the Bonds will be delisted from the corporate bond list at Nasdaq Stockholm.

For the purpose of enabling the Company to carry out the redemption without being in technical default under the Bonds, the Company has obtained a temporary waiver from the agent as to the requirement to comply with the incurrence test for the Bonds.

The Company's conditional notice on early redemption and the notice of the waiver will be made available on the Company's website (www.4finance.com).

The Company's conditional notice on early redemption is governed by Swedish law. This communication is, for the avoidance of doubt, not an offer to purchase or sell financial instruments.

For more information, please contact:

4finance Email: investorrelations@4finance.com James Etherington (Investor Relations) - +44 (0)7766 697 950 Guy Middleton - Email: press@4finance.com Instinctif Partners (International Media) Email: 4finance@instinctif.com Mark Walter / David Simonson +44 (0)20 7866 7887 About this information This information is information that 4finance S.A. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8:00 am CET on 30 March 2017.


30-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de


Language: English
Company: 4finance S.A.
9, Allee Scheffer
2520 Luxembourg
Grand Duchy of Luxembourg
E-mail: info@4finance.com
ISIN: XS1417876163, SE0006594412, XS1092320099, XS1094137806,
WKN: A181ZP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart
 
End of Announcement DGAP News Service

559973  30-March-2017 CET/CEST

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