AS Pro Kapital Grupp Announces Partial Bond Repayment
AS Pro Kapital Grupp is taking a significant step towards enhancing its financial standing by announcing a partial repayment under its senior secured bonds. This action reflects the company’s commitment to maintaining a transparent and stable financial environment for its investors.
Details of the Partial Repayment
The company plans to repay a total nominal amount of EUR 9,405,000, which breaks down to EUR 330 per bond. This repayment is part of the overall aggregate outstanding amount of EUR 19,950,000 concerning the senior secured callable fixed rate bonds issued for the period of 2020 to 2028 with ISIN SE0013801172.
Method of Repayment
This partial repayment is structured into two portions: EUR 4,405,000 will be repaid in line with Clause 11.3, which involves early voluntary redemption by the issuer, also known as the call option. The remaining EUR 5,000,000 is pursuant to Section (c) of Clause 12.12 related to the German Hotel Operations Undertaking.
Impact on Bondholders
The repayment will decrease the outstanding amount of each bond on a pro rata basis, ensuring fair treatment for all bondholders. After this repayment, the outstanding amount of each bond rises to EUR 370, and the aggregate outstanding amount of the bonds will settle at EUR 10,545,000.
Timeline and Notification
Bondholders can expect the partial repayment to take place on a specified date in the future. To facilitate this process, the records as of a designated record date will be critical. Holders registered in the debt ledger, managed by Euroclear Sweden, will receive this amount.
Communication with Bondholders
A notice detailing the partial repayment will be distributed to all bondholders approximately a month ahead of the scheduled transaction, ensuring they are well-informed. This notice will be accessible on both the Company’s website and the site of Nordic Trustee & Agency AB (publ), reaffirming the commitment to transparency.
Leadership Insight
Ann-Kristin Kuusik, the CFO of AS Pro Kapital Grupp, leads this initiative, recognizing the importance of keeping stakeholders informed. Her direct involvement signifies the company's serious approach to financial management and stakeholder relations.
Contact Information
For further inquiries, stakeholders can reach the company through the following contact number: +372 614 4920 or through email at prokapital@prokapital.ee.
Frequently Asked Questions
What is the total amount being repaid by AS Pro Kapital Grupp?
The company is repaying a total of EUR 9,405,000.
What will be the outstanding amount after the repayment?
Once the repayment is completed, the total outstanding amount of the bonds will be EUR 10,545,000.
How will the repayment affect individual bondholders?
The repayment will ensure that each bondholder's investment is proportionately reduced to EUR 370 per bond.
When will the repayment be executed?
The repayment is scheduled for a specific date after registering bondholders.
Who can I contact for more information?
Inquiries can be directed to Ann-Kristin Kuusik, the CFO, via the provided contact number or email.
