Bilia AB (publ) secures a requisite majority of consents and increases and extends the consent fee under its outstanding written procedure
NOT FOR DISTRIBUTION IN OR TO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO PUBLISH OR DISTRIBUTE THIS PRESS RELEASE
Bilia AB (publ) (the “Company” or “Bilia”) announces that holders and beneficial owners of its outstanding senior unsecured bonds 2020/2025 with ISIN SE0014829784 (the “2020 Bonds”) together representing more than 50.00 per cent. of the total adjusted nominal amount of the 2020 Bonds have undertaken to vote in favour of the request in the written procedure (the “Written Procedure”) which was initiated under the 2020 Bonds on 10 February 2025, thus securing a requisite majority of consents for the request in the Written Procedure to be approved.
The committing holders and beneficial owners have undertaken to submit their votes as soon as possible and no later than 15:00 CET on 17 February 2025 and instruct their custodians, if any, to report their votes in the Written Procedure without delay. The request in the Written Procedure is thereby deemed to be approved and concluded on or about 17 February 2025.
In order to secure the voting undertakings and show that Bilia is keen on long-term relationships with its bondholders and secure an expedited conclusion of the Written Procedure, the Company has decided to replace the early bird fee (as further described in the announcement made by the Company on 10 February 2025) with an increased and extended general consent fee amounting to 1.50 per cent. of the total nominal amount of the 2020 Bonds (being an aggregate amount of SEK 500,000,000) payable to all bondholders on a pro rata basis if the request in the Written Procedure is approved by the bondholders (regardless if such bondholder has participated in the Written Procedure or voted for or against the request) (the “Adjusted Consent Fee”).
Payment of the Adjusted Consent Fee is expected to be made through Euroclear Sweden (acting as CSD) on 14 March 2025 to such person who is registered as a holder of 2020 Bonds on 7 March 2025 (i.e., the date falling five business days prior to 14 March 2025).
A notice regarding the voting undertakings secured and the Adjusted Consent Fee will today be sent to the direct registered owners and registered authorised nominees of the 2020 Bonds in the Company’s debt ledger held with Euroclear Sweden as per 7 February 2025. The voting record date (being 11 February 2025) and the last day for voting in the Written Procedure (being 6 March 2025) will not change. The formal conclusion of the Written Procedure will be communicated by way of notice to the holders of 2020 Bonds.
For more information regarding the Written Procedure, voting requirements and a more detailed description of the request, please see the notices in respect of the Written Procedure on the Company’s website and the Agent’s website.
Gothenburg, February 13, 2025
Bilia AB (publ)
Contacts
Kristina Franzén, CFO, +46 (0)10 497 73 40, kristina.franzen@bilia.se
For further questions regarding the administration of the Written Procedure, please contact the agent at voting.sweden@nordictrustee.com or +46 8 783 79 00 or any of the consent solicitation agents at bond.syndicate@dnb.no or nordealiabilitymanagement@nordea.com.
This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish securities markets act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 8:30 CET on February 13, 2025.