News and Press releases
IR contact: For more information, please contact Henrik Wennerholm, Chief Executive Officer:
Telephone: +41 41 766 1420
DDM Holding AG
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DDM Debt AB
DDM Debt calls to redeem its outstanding EUR 85 million bond loan
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that its EUR 85 million senior secured bonds with ISIN SE0009548332, will be redeemed in advance in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the bonds.
The redemption date will be 2 May 2019 and the redemption amount for each bond shall be the applicable call option amount (being 102.38 per cent. of the outstanding nominal amount), plus accrued but unpaid interest. The redemption amount will be paid to the bondholders holding bonds on the relevant record date, being 24 April 2019.
The bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the redemption date and the last day of trade will occur on or about 18 April 2019.
This information is information that DDM Debt AB (publ) 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 below, at 08:00 CET on 3 April 2019.
For more information, please visit DDM’s website at www.ddm-group.ch or contact:
Henrik Wennerholm, Chief Executive Officer
Tel: +41 79 539 88 59
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (First North: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 3.5 billion.