Brief: Basic-Fit Offers About EUR 300 Million Senior Unsecured Convertible Bonds

Basic-Fit NV

16/04/2026 16:53

April 16 (Reuters) - Basic-Fit NV BFIT.AS:

OFFERING OF APPROX. EUR 300 MILLION SENIOR UNSECURED CONVERTIBLE BONDS DUE 2031

BONDS HAVE A DENOMINATION OF EUR 100,000 EACH AND WILL BE ISSUED AT 100% OF THEIR PRINCIPAL AMOUNT

BONDS WILL HAVE A MATURITY OF 5 YEARS AND, UNLESS PREVIOUSLY REDEEMED, CONVERTED OR PURCHASED AND CANCELLED, WILL BE REDEEMED IN CASH AT THEIR PRINCIPAL AMOUNT ON 24 APRIL 2031

COUPON OF BETWEEN 2.375% AND 2.875% PER ANNUM

SETTLEMENT OF BONDS IS EXPECTED TO OCCUR ON 24 APRIL 2026

NET PROCEEDS OF OFFERING WILL BE USED FOR GENERAL CORPORATE PURPOSES, FOR REFINANCING PURPOSES AND TO PROVIDE COMPANY WITH FINANCIAL FLEXIBILITY TO ACCELERATE ITS ORGANIC AND/OR INORGANIC GROWTH STRATEGY

CONVERSION PREMIUM OF BETWEEN 40% AND 45% ABOVE REFERENCE SHARE PRICE

Further company coverage: BFIT.AS

 (Gdansk Newsroom)

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