Brief: Desenio Starts Bond, Capital Structure Restructuring

Desenio AB (publ)

30/01/2025 06:52

Jan 30 (Reuters) - Desenio Group AB (publ)  DSNO.ST :
    * DESENIO INITIATES THE IMPLEMENTATION OF THE PREVIOUSLY
ANNOUNCED
RESTRUCTURING OF ITS BONDS AND CAPITAL STRUCTURE AND PROVIDES
TRADING UPDATE
    * RESTRUCTURING INCLUDES DEBT-FOR-EQUITY SWAP THROUGH
SET-OFF
ISSUE OF SHARES IMPLYING 75% WRITE-DOWN OF EXISTING BONDS AND
95% DILUTION OF CURRENT SHAREHOLDERS
    * RESTRUCTURING ALSO INCLUDES ISSUE OF A NEW SUPER SENIOR
BOND OF
SEK 150 MILLION (UNDER A FRAMEWORK OF SEK 250 MILLION)
    * RESTRUCTURING ALSO INCLUDES RESTATEMENT OF THE REMAINING
PART OF
THE EXISTING BONDS AFTER THE DEBT-FOR-EQUITY SWAP IN A NEW BOND
    * PRELIMINARY Q4 NET SALES OF SEK 268.7 (294.2) MILLION
    * PRELIMINARY ADJUSTED EBITA OF SEK 54.1 (37.7) MILLION
    * PRELIMINARY Q4 CASH FLOW FROM OPERATING ACTIVITIES OF SEK
48.4
(29.6) MILLIONS

Source text:  ID:nMFNcftCZS 
Further company coverage:  DSNO.ST 

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