Azerion successfully issues subsequent bonds in an amount of €50 million – London Business News | Londonlovesbusiness.com

Azerion Group N.V. announces that it has, following a bookbuilding process, successfully issued subsequent bonds in an amount of EUR 50 million under the Company’s existing senior secured floating rate bond framework of EUR 300 million with ISIN NO0013017657.

Following the Subsequent Bond Issue, the outstanding aggregate principal amount under the Bonds will be EUR 265 million, and the Subsequent Bonds were issued at par.

As provided for under the terms and conditions of the Bonds, proceeds from the Subsequent Bond Issue will be used to finance general corporate purposes of the Company, including capital expenditure, acquisitions and transaction costs.

Julie Duong Ferat, CFO Azerion said, “We are pleased to have received strong support from new and existing bond investors in our subsequent bond issue. This is an exciting time for Azerion as we look to benefit from the current market dynamics and tailwinds to further drive our organic and inorganic growth.”

Settlement of the Subsequent Bonds is expected to be on or about 16 December 2024. The Company shall use its best efforts to ensure that the Subsequent Bonds are listed on the relevant Regulated Market within 60 days (with an intention to complete such listing within 30 days) after the Subsequent Bonds issue date and on Frankfurt Stock Exchange Open Market as soon as practically possible.

Pareto Securities AB acted as Global Coordinator and Joint Bookrunner and Arctic Securities AB acted as Joint Bookrunner. Roschier Advokatbyrå AB acted as legal advisor in connection with the Subsequent Bond Issue.