Multitude SE announces its intention to voluntarily redeem all outstanding senior bonds due 2025
June 13 2024 - 1:00AM
Multitude SE announces its intention to voluntarily redeem all
outstanding senior bonds due 2025
Multitude SE announces its intention to
voluntarily redeem all outstanding senior bonds due
2025
Helsinki, 13 June 2024 – Multitude SE (the
"Company") announces its intention to
exercise its right to redeem all outstanding senior unsecured
floating rate bonds maturing in December 2025 (ISIN NO0012702549)
(the “Bonds”), in accordance with Clause 9.3
(Voluntary Total Redemption (call option)) of the terms and
conditions of the Bonds (the "Terms and
Conditions"). Terms defined in the Terms and Conditions
shall have the same meaning in this press release unless given a
different meaning herein.
The redemption date will be 8 July 2024 (the
“Redemption Date”). The redemption amount for each
Bond shall be the applicable call option amount (being 103.75 per
cent. of the Nominal Amount), plus accrued but unpaid Interest, and
the redemption amount will be paid to the Bondholders holding Bonds
on the relevant Record Date (being 1 July 2024).
The Company's obligation to redeem the Bonds on
the Redemption Date is conditional upon the Company's subsidiary,
Multitude Capital Oyj (i), successfully issuing its new senior
guaranteed unsecured callable floating rate bonds on or about 27
June 2024 (the "New Bonds") and (ii) satisfying
the conditions precedent for the disbursement of the net proceeds
of the issue of the New Bonds from an escrow account.
Subject to the above, the Bonds will be
de-listed from the Frankfurt Stock Exchange Open Market
(Freiverkehr) and the corporate bond list of Nasdaq Stockholm in
connection with the Redemption Date.
For further information, please
contact:
Lasse Mäkelä Chief Strategy and IR OfficerPhone:
+41 79 371 34 17E-mail: lasse.makela@multitude.com
About Multitude
SE:
Multitude is a listed European FinTech company,
offering digital lending and online banking services to consumers,
small and medium-sized businesses, and other FinTechs overlooked by
traditional banks. The services are provided through three
independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude’s business units
are consumer banking (Ferratum), SME banking (CapitalBox) and
wholesale banking (Multitude Bank). Multitude Group employs over
700 people in 25 countries and offers services in 16 countries,
achieving a combined turnover of 230 million euros in 2023.
Multitude was founded in Finland in 2005 and is listed on the Prime
Standard segment of the Frankfurt Stock Exchange under the symbol
'FRU'.
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