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DDM Debt AB
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DDM Holding AG
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DDM Debt announces tender offer regarding outstanding senior secured bonds
DDM Debt AB (“DDM Debt”, Nasdaq Stockholm: DDM Debt 2026) announces an invitation to holders of the outstanding EUR 200m senior secured bonds with ISIN: SE0015797683 (the "Bonds") to tender Bonds for purchase by DDM Debt for cash up to a maximum principal amount such that the total purchase consideration for Bonds does not exceed EUR 20 million (which amount can be increased, decreased or removed at DDM Debt's sole discretion) (the "Tender Offer").
The Bonds will be repurchased subject to the terms and conditions described in the tender information document dated 4 December 2024 which is available on DDM Debt's webpage (the "Tender Information Document"). The Tender Offer will be priced via a modified Dutch auction procedure as set out in the Tender Information Document. Expiration of the Tender Offer will be at 16:00 CET on 6 December 2024, unless extended, re-opened, withdrawn, or terminated at the sole discretion of DDM Debt. Settlement of the Tender Offer is expected to occur on or around 10 December 2024.
The terms and conditions of the Bonds will continue to be in effect for bondholders who do not participate in the Tender Offer or whose Bonds are not accepted for repurchase by DDM Debt.
The full terms and conditions of the Tender Offer including the terms for eligibility to participate, the pricing mechanism and the timeline for the Tender Offer is available in the Tender Information Document.
Dealer Manager:
Arctic Securities AS: ddm.syndicate@arctic.com
This is information which DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 4 December 2024 at 12:30 CET.
For more information, please contact:
Mail: investor@ddm-group.ch
DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) is part of the DDM Group, a specialized multinational investor in situations arising out of the general strategic challenges in the European banking markets. This includes investments into assets and companies previously held by financial institutions, including performing and non-performing loans and special situations. The DDM Debt Group also engages in businesses that are related, complimentary, incidental, ancillary or similar to any of the foregoing. DDM strives to create value for its stakeholders by combining significant expertise in financial services, credit underwriting and technology with a focus on operational excellence.