Autocirc gives notice that the condition for early total redemption of its outstanding bonds has been satisfied
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THE SECURITIES MENTIONED HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. NO PUBLIC OFFERING WILL BE MADE IN THE UNITED STATES AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.
Autocirc Group AB (publ) (the "Company") confirms that the condition contained in the conditional notice of early redemption given on 28 May 2024 to all holders of the up to SEK 1,500,000,000 senior secured callable floating rate bonds 2022/2025 with ISIN SE0017885916 issued by the Company (the "Bonds") with a redemption date on 17 June 2024 has been satisfied.
In the conditional notice of early redemption dated 28 May 2024 from the Company to the holders of the Bonds (the "Conditional Notice of Early Redemption"), the Company notified the holders of the Bonds that it would redeem its outstanding Bonds, subject satisfaction of all conditions precedent required for utilisation under the new debt facilities prior to 10 June 2024 (the "Record Date"), for the purpose of inter alia refinancing the Bonds.
The Company hereby confirms that the Condition (as defined in the Conditional Notice of Early Redemption) has been satisfied. Since the Condition has been satisfied, the redemption as contemplated by the Conditional Notice of Early Redemption will occur on 17 June 2024.
10 June 2024 will be the last day for trading of the Bonds.
This information is information that Autocirc Group 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 17.15 CET on 7 June, 2024.
For further information, please contact:
Gunilla Andersson, CFO Autocirc Group
E-mail: [email protected]
Phone: +46 (0)722 184736
Autocirc works for a circular transition in the automotive industry. We ensure that used car parts get back on the road again - or that materials and components can be used in completely different products and contexts. By moving from new production to reuse, remanufacturing, repurpose and recycling of car parts, we are making the second-hand market the first choice. A sustainable choice for a smarter automotive industry and a better alternative, also for the next generation.
Autocirc was founded in 2019 and is growing rapidly. Today, the group consists of close to 60 companies with over 1100 employees and operates in Sweden, Norway, Finland, the UK, Poland, Germany and France.
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