REGMAR

Georg Jensen A/S - New senior secured bond issue and fixed income investor meetings

Georg Jensen A/S ("Georg Jensen") has mandated DNB Markets to arrange a series of fixed income investor meetings commencing 31 January 2023. Subject to, inter alia, market conditions, a new 2.25-year senior secured floating rate bond issue in an amount of expected EUR 35-40 million may follow (the "Bond Issue" and the "Bonds"). The proceeds from the contemplated Bond Issue will be used to refinance the redemption of Georg Jensen's existing bond with ISIN SE0011167204 (the "Existing Bonds") and finance transaction costs.

Georg Jensen will also issue a conditional call option notice pursuant to which it will, subject to a successful issue of the Bonds as well as disbursement of the net proceeds from the Bond Issue, redeem any Existing Bonds at an amount of 100.00 per cent. of the nominal amount (in accordance with clause 9.3 (Voluntary total redemption (call option)).

In connection with the redemption of the Existing Bonds in full, the Existing Bonds will be delisted from Nasdaq Stockholm.

In conjunction with the contemplated Bond Issue, Georg Jensen publishes certain preliminary financial information. For the twelve months period ended December 2022, revenue and EBITDA amounted to DKK 1,176.5 million and DKK 227.5 million, respectively, with a gross margin of 61.8%. Net interest-bearing debt amounted to DKK 262.2 million resulting in a net debt / EBITDA of 1.15x.

This information is such information that Georg Jensen A/S 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 below, at 10:15 CET on 27 January 2023.

For further information, please contact:

Marcus Henriksen, CFO
[email protected]


Om Georg Jensen

Georg Jensens varumärke står för kvalitetshantverk och tidlös estetisk design, med en historia som sträcker sig mer än 100 år bakåt i tiden. Våra livsstilsprodukter spänner över allt från bordssilver och klockor till smycken och heminredning.

Georg Jensens egen filosofi var att skapa designföremål för alla och att förena skönhet och funktion. Hans hantverksskicklighet och konstnärliga talang, såväl som hans förmåga att upptäcka och hjälpa fram begåvade designers, bildade grunden när han började bygga upp Georg Jensen i Köpenhamn 1904.

Webbplats
www.georgjensen.com/sv-se/investor-relations

Prenumerera

Få löpande information från Georg Jensen via e-post.

Handelsinformation

Marknad Stockholmsbörsen Kortnamn Georg Jensen 2023 ISIN-kod SE0011167204