18 Feb 2020

DDM Debt initiates a written procedure for its up to EUR 150m bond loan with ISIN: SE0012454940 and communicates support received

DDM Debt AB (Nasdaq Stockholm: DDM2) ("DDM Debt") today announces that it is formally initiating a written procedure under the terms and conditions of its up to EUR 150,000,000 senior secured floating rate bonds due 2022 (ISIN SE0012454940) (the "Bonds") (the "Bondholders") to request that certain amendments are made to the terms and conditions of the Bonds, as specified in the attached notice of Written Procedure (the "Proposals").

Bondholders holding more than fifty (50) per cent. of the Bonds have expressed their support to DDM Debt to vote in favour of the Proposals.

Voting in relation to the Proposals will be made through a written procedure (the "Written Procedure"). In order for the Proposals to be passed in the Written Procedure a quorum of at least twenty (20) per cent. of the adjusted nominal amount must be reached and a majority of at least fifty (50) per cent. of the adjusted nominal amount for which Bondholders reply in the Written Procedure must vote in favour of the Proposals.

Intertrust (Sweden) AB will send the notice of Written Procedure, including the Proposals, to the Bondholders on 19 February 2020. If the Proposals are approved by the Bondholders, a consent fee amounting to EUR 250 per Bond (the "Consent Fee") will be paid by DDM Debt to the eligible Bondholders.

The Written Procedure will commence on 25 February 2020 and end on 16 March 2020. To be eligible to participate in the Written Procedure a person must fulfil the formal criteria for being a Bondholder on 25 February 2020. This means that the person must be registered on a securities account with Euroclear Sweden AB as a direct registered owner (Sw. direktregistrerad ägare) or an authorised nominee (Sw. förvaltare) with respect to one or several Bonds.

The last time and day to vote is 17.00 (CET) on 16 March 2020.

For further information about the Proposals and the Written Procedure, please see the attached notice of Written Procedure.
 

For further information, please contact:

Henrik Wennerholm, Chief Executive Officer
Tel: +41 79 539 88 59

Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17

Mail: investor@ddm-group.ch

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 above, at 19:00 CET on 18 February 2020.

DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (First North Growth Market: 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 4 billion.