Stockholm, June 07, 2018 (GLOBE NEWSWIRE) --
Vostok New Ventures Ltd (the “Company”) has mandated Pareto Securities AB to arrange a new four year senior unsecured bond loan in a minimum amount of SEK 400 million (the “Bonds”).
The Bonds will rank pari passu with the Company’s existing senior unsecured bonds with ISIN SE0010023390 (the “ Existing Bonds ”) and are issued for the purpose of increasing the Company’s financial flexibility and diversifying its maturity profile.
As part of the transaction, the largest holder of Existing Bonds has committed to rolling over SEK 150 million of their holding into Bonds. The roll-over will be effectuated at a discount for the Company compared to the last traded price for Existing Bonds. As a consequence of the roll-over, SEK 150 million of Existing Bonds will be cancelled, reducing the outstanding amount under the Existing Bonds to SEK 450 million.
For additional information, please contact: Björn von Sivers, Investor Relations: +46 (0)8-545 015 50
This information is information that Vostok New Ventures Ltd. 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 08:00 CEST on 7 June 2017.
Vostok New Ventures Ltd, formerly Vostok Nafta Investment Ltd, is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The Swedish Depository Receipts (SDRs) of Vostok New Ventures are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV SDB. For more information on Vostok New Ventures, visit www.vostoknewventures.com .
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